The ups and down in the USDCAD continue.The buyers are shifting toward more control again.

<p>The USDCAD is pushing back to the upside in what has been a volatile up-and-down trading day. That is congruent with a volatile up-and-down trading week. The high price this week was reached yesterday when the price extended above a swing area between 1.3398 and 1.3414. The high price reached 1.3442. But I returned to sellers in the price closed back below that swing area.</p><p>In trading today there have been no fewer than four moves. The first was down, then up, and then back down, and most recently back to the upside. </p><p>Technically, the price is back above the 100 hour moving average of 1.33756 after testing a lower swing area between 1.3339 and 1.3353. The move back to the upside has taken the price back into that swing area between 1.3398 and 1.3414. It will now take a move above that swing era to increase the bullish bias.</p>

This article was written by Greg Michalowski at www.forexlive.com.