The USDCAD remains confined in trading range but below the 100/200 hour MAs

USDCAD is consolidating in a tight range between 1.4148 and 1.42473, with short-term price action still capped below the 100-hour and 200-hour moving averages near 1.4200. Sellers repeatedly defended the moving averages in the Asian session, pushing the pair to a low near 1.4155 before a modest rebound. The article frames this as a technical standoff: below 1.4200 the near-term bias leans bearish, but bears still need a break under 1.4147 and 1.41297 to confirm downside control. On the upside, a reclaim of the moving averages would shift momentum back to buyers and reopen 1.4247 resistance, with a breakout potentially targeting 1.42928. Overall, the market remains range-bound and directionally undecided, with the moving averages acting as the immediate pivot.