USDCAD - Marabuzo Line holding downside
AS you'll be able to see from the chart the Marabuzo line at .9895, half of Friday's net gains, is proving a strong attraction to buyers. Today's price action traded through but was unable to maintain the levels.
Focus has returned to the topside but would there are still obstacles to overcome;
Top of daily Ichimoku Cloud on a closing basis (.9941)
200 day SMA @ .9997.
Above those points and an important 50% fibo at 1.0040 becomes the next focus.