Oh what a strange trip it has been USDCAD moves below 100 hour MA

From forexlive.com

Testing the day lows. The USDCAD tumbled instantly lower after the BOC did not ease. It was a 50-50 proposition. There may have been a lot priced in. IN any case, the pair fell in an instant and it made it's way to - and through - the 100 hour MA to a low of 1.4486. As fast as the price fell it corrected higher. That was ok as long as the price stayed below the close from yesterday at 1.4577. It has been 12 days of higher closes. A close below is all the sellers wanted to see. Well, that 1.4577 level did not hold on the correction higher, and the squeeze was on. Oil falling below $27 (it is still below the level) and ... (full story)