Blowout in USD/CAD a short-term bottom? via ForexLive

The quick move down to 1.0810 and then back to 1.0843 after hitting the 55-dma could be the start of a short-term turnaround in USD/CAD.

The pair is caught in a nasty squeeze/month-end churn but a close above 1.0865 would signal a reversal and point to 1.0900 or higher. Then again, I'm deeply reluctant to read anything into price action today.

USDCAD daily

posted via ForexLive