Watch the 100 hour MA at the 1.0443 level. The USDCAD has benefitted from lower oil price and generally a higher dollar bias in NY. The pair moved above key resistance at 1.0415 and now looks at the next key level. A move above is needed to excite further buying with the 200 hour moving average (green line in the chart above). Support remains against the 1.0415 level.
