Oh what a strange trip it has been. USDCAD moves below 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Jan 20, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Testing the day lows. The USDCAD tumbled instantly lower after the BOC did not ease. It was a 50-50 proposition. There may have been a lot priced in. IN any case, the pair fell in an instant and it made it's way to - and through - the 100 hour MA to a low of 1.4486.

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