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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

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    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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