USDCAD You’d think the loonie would struggle a lot more next to the BOC, but that’s not the case against the greenback as the greenback also experienced a mostly weaker January. However, as the tide turns this week, we see the pair bounce out of the double bottom pattern just below 1.3300, resuming its 100-day moving average (red line) at 1.3515. Buyers need to break this and the January 19 high of 1.3520 to continue the rally back to 1.3700. Otherwise, it could be difficult from a technical perspective, as the pair continues to trade between both the 100 and 200-day moving averages (blue line) – November lows of 1.3225-35 also provide support to the downside for all. But so far, the price action is mirroring that of most other dollar pairs as highlighted earlier in the day, in other words we see them pushing into key technical levels but not quite breaking them yet.