Bearish, USDCAD Eyeing MA-200

Based on 4-hour chart, the bearish bias especially if price able to consistently break below 1.3175 area. Potentially promote the sustainability movement tested negative for MA-200 at around 1.3135, before targeting 1.3100 area.

On the reverse side, immediate resistance could be found at 1.3210 area. With stochastic and RSI are oversold, break back above that area should be able to trigger a bullish correction scenario towards 1.3245 area or even 1.3285 area.