The USD/CAD briefly flirted with a key fibonacci retracement at 1.0987 before rebounding. As the BOC took centerstage, 4-hour bullish MACD divergence allowed the Loonie to break above RSI trendline resistance to possibly hint of a short-term base. This triggered a bounce in the US Dollar Index and allowed the EUR/USD to fall below 4-hourly RSI trendline support. Only a loss of broken trendline support near 1.4140 will further delay strength to possibly refocus the 50-day MA.
