Tests swing area and retracement after breaking the 200 hour MA
The USDCAD has now broken the 200 hour MA and ran to the next support target(s). A swing area comes between 1.25408 at 1.25474. The 38.2% retracement of the move up from the March 18 low cuts across at 1.25387. The pair just tested that area and is finding some support buying.