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

USDCAD is trading in a tight range between 1.4148 and 1.42473, with price action currently capped below the closely converged 100-hour and 200-hour moving averages near 1.4200. Sellers defended the moving averages during the Asian session, pushing the pair to a low near 1.4155 before a limited rebound. The article says the short-term bias remains mildly bearish while USDCAD stays below the moving averages, but a decisive downside break would require a move under 1.4147 and then 1.41297. On the upside, a reclaim of 1.4200 would shift control back to buyers and bring the triple-top resistance at 1.4247 back into focus, with a breakout potentially targeting 1.42928.