USDCAD uses Marabuzo line as platform

Cold and grey here in London and the early FX market has lacked any really strong signals to get excited about.
Was disappointed to see #EURGBP post early gains - though they haven't been maintained but what was rewarding was the rise in #USDCAD,
This move is based on the Marabuzo line drawn by Tuesday's price action. This comes in at 1.0143 and the 2 subsequent days found buying interest close to that point while today's acceleration has confirmed the relevance.
Of course it is not the Marabuzo line alone that was the basis for a positive stance; the Keltner channel is bullish, prices moved back above the key 13 day moving average with Tuesday's improvement and the market is now through the top of the daily Ichimoku Cloud pattern.
Nonetheless the Marabuzo line was always going to provide a great level to work from.
Have a great weekend.