USDCAD BUYERS PUSH FOR UPSIDE, WATCHING 100-HOUR MA
USDCAD BUYERS PUSH FOR UPSIDE, WATCHING 100-HOUR MA
USDCAD broke above the 100-hour moving average after holding below it yesterday.
The 100-hour MA remains a key technical resistance level.
The pair reached a high of 1.4221, following a break above the 1.4192 level.
Rally stalled after weaker-than-expected U.S. housing starts data (-9.8%).
Staying above the 100-hour MA will be crucial for continued upward momentum.
