The USDCAD is coming to some key support despite the break of the 200DMA.
The USDCAD will apparently close the week below the 200DMA. Most traders are noting the 200DMA break, but the 161% extension combined with the trend line coming in from Feb 2017 till now comes in at 1.3060 roughly which may offer the pair some near term support as it plays out a longer term bear flag pattern below the 1.3000 level.
Blake Morrow
