USDCAD moves to swing low area/38.2% retracement area. Stalling on first look.

USDCAD tests the next key downside target area

Earlier today I posted on the USDCAD (see "The USDCAD retraces back to the 100/200 hour MA. This is the place to buy if you like the upside"), that the 100 and 200 hour MA were being tested at 1.2702 and that: 

"If it is time to buy, it wo