USDCAD 4 HOUR CHART – TESTED BOTH SIDES
When I used to trade currency futures, traders liked the CAD as ut tended to be one of the more technically driven currencies.
Today was one of those technically driven days. USDCAD tested 1.3690 resistance and that was followed by a test of 1.3632 support.
Technicals are pointed down but needs a 1.3532 and 1.3609 break to move out of the current range.
Intra-day, look for the Power of 50 1.3650 level to be pivotal.