Rebounds off trend line
The USDCAD is moving above its 100 hour MA at 1.3031. It trades at 1.30344.
The high is the North American highs but not the the high for the day. There were earlier highs at 1.3041 and 1.30435. The earlier highs did stay below the aforementioned 100 hour MA.
Also in play technically is the 100 day MA at 1.30412. The earlier highs reached above that MA but breaks failed.
Key level for the bulls and bears. The price needs to get and stay above both MAs to kick the bulls more in control.