- The USD/CAD lasted two days and was capped at 1.3400 as USD/CAD sellers piled on that area.
- If USD/CAD buyers reclaim 1.3400, a move towards the 100-day EMA at 1.3500 is on the cards.
The USD/CAD rally was short-lived to just two days, but the pair remains above the 200-day Exponential Moving Average (EMA), suggesting that the neutral bias remains intact. At the time of typing, the USD/CAD is trading at 1.3389, below the 1.3400 figure, after hitting a high of 1.3399.
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