Stays below the old floor since June 10
The USDCAD is trading near session lows. The price in the process has taken out the low from yesterday at 1.3424.
Earlier today, the pair did rebound to the upside only to fall over the last 4 or 5 hours. The technical catalyst for the move back to the downside was that the high price today stalled against old lows in the 1.3485-90 area, recall, the break below that level yesterday took the pair outside of the low end of the range since June 10 (see yellow area in the chart below and red numbered circles).
https://www.forexlive.com/tech...!/usdcad-falls-to-a-new-session-low-20200722
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