High stall at June 15 swing high level

The USDCAD has moved back lower after the boost higher on the back of weaker than expected CPI data today. The push higher after the report, took the price above the 100 and 200 hour MA. We are back down retesting the MA levels at 1.3252-614 area.

There should be buyers on the dip but with retail sales up and inflation lower this week, the markets can be skittish. So trade the support and resistance levels and expect traders to shift around.