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USD/CAD comes unstuck as major support tested this morning
Yesterday the USD/CAD was pushing back towards 1.36 once more. That was mostly, if not entirely all about the US dollar. So, when the ISM data broke and disappointed the US currency, the USD/CAD rebound came to an abrupt halt. The USD/CAD fell back to a new interim low at 1.3512. It later rebounded modestly to close in the US at 1.3527. However, it has been falling back this morning and it is right now testing the 200 day moving average, at 1.3503. That has been a significant support point for some time now and it is under threat as this update is concluded
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