“¢ The pair built on the overnight goodish bounce from sub-1.3300 level, or near two-week lows and traded with a mild positive bias on Thursday, albeit remained capped below weekly tops.
“¢ A sustained move beyond 100-hour SMA, for the first time in nearly one-week, might now be seen as a key trigger for bullish traders and support prospects for additional intraday gains.
“¢ Bullish technical indicators on hourly/daily charts add credence to the constructive set-up, though traders are likely to wait for a sustained move beyond the 1.3375 immediate hurdle.
“¢ The mentioned hurdle coincides with 200-hour SMA, above which the pair is likely to surpass the 1.3400 handle and aim towards the recent swing high, near the 1.3440-50 supply zone.
USD/CAD 1-hourly chart
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