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USD/CAD closing down on the key short-term resistance area

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Sennna  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Fibonacci Triangle Moving Averages loonie
7
0
fibonacci triangle movingaverage loonie
The USD/CAD has burst higher today on the dovish Bank of Canada (BoC) monetary policy statement. Compared to this morning’s price, USD/CAD trades more than 100 pips higher. The pair is now approaching the key short-term area at $1.3160, where the 2-year ascending trend line and the 200-DMA intersect. Watch the reaction closely for future clues.
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