Breaking to new session and below MAs, but rebounding a little....

The USDCAD is trading at new session lows and in the process moved below the 200 hour MA and 200 bar MA on the 4-hour chart at the 1.2700 area. The pair earlier fell below a trend line on the hourly chart and the 100 hour MA at 1.27215. That MA is now risk for shorts.

The price after a brief flurry on the break of the MAs has bounced a little and trade just above the two MAs.

The sellers are making a play to the downside.

The DOE crude oil inventory data showed a large draw down. That should be bullish for oil but prices have been steady at +$0.17 at $47.68. The high reached $47.99.