 The USDCAD is moving to a new high for the day, and in the process is extending toward the high from December at 1.3699. The price just traded to 1.3293. Looking at the hourly chart, the price action today initially moved to the downside testing the rising 200 hour moving average green line in the chart above currently at 1.36183. After bouncing off the moving average on two separate occasions, the sellers turned buyers and force the price back to the upside.The pair moved a... 