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After gap and run higher, the USDCAD consolidates at highs


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200 hour MA stalled the fall. Above a swing area at 1.3467 to 1.3478

The USDCAD gapped higher on the opening. The move took the price above the 200 hour MA (green line -bullish). The price tested that 200 MA level and moved higher.   The price moved above the the 1.3467 level which was a swing low going back in time (see blue numbered circles). Another swing level is at 1.34786 (green numbered circles).  

The price has traded above and below those levels (see yelow area today) and in the NY session moved back above.  
The bulls are making the third play above the level. If the buyers are to keep control staying above the yellow area is risk for the buyers/bulls.

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