Can the sellers keep the pressure on after the break?
The USDCAD sellers have made a play below the 100 hour MA at 1.3171. The MA stalled the earlier London fall (after a few pip break). This break is with a little more momentum. Risk is now at the MA area. Stay below is more bearish.
Looking at the USDCAD, if the sellers are hold control, lower trend line comes in at 1.31374. Below that the rising 200 hour MA and 38.2% come in at 1.3191-96.