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The USD / CAD on Tuesday defended the 50-day moving average (MA) support with a long tail candle, which is widely viewed as an early warning of a possible bullish reversal.
The change in trend would only be confirmed if the spot saw a convincing break above 1.3345 (top of the long-tailed doji) today.
A close above 1.3345 would open the door for a new test of recent highs above 1.3460.
A fence below 1.3250 (weaker from the long-tailed candle) could trigger stronger downward pressures.
Daily chart
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Trend: Need bull close above 1.3345
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