Reaches target as oil moves even lower.
The USDCAD has pushed up to the next target at the 100 day MA (see prior post). The price has stalled at the level and rotated back down a bit. (back below 1.3000 - low to 1.29977)
The USDCAD pair has been recovering on the back of oil prices moving lower (currently trades at $45.20 after a move to a low of $44.88) That is down -4.6% on the day.
