USDCAD spikes to 200 hour MA @ 1.21917. It would hang a slither above to amplify bullish bias
The USDCAD spike higher, and in the process moved up to retest it at 200-hour moving average at 1.31917. Sellers leaned against that upper moving average level (green line in the chart below), and corrected the price modestly to the downside. If the buyers are to remain in control, getting back above both the 100