The USDCAD has slipped to a new session low at 1.4079, putting the focus squarely on its 200-hour moving average at 1.40792. Last Friday, buyers stepped in after the pair tested the moving average. As long as the price remains above the 200-hour moving average, buyers still have a chance to regain control. On the downside, however, a sustained break below the 200-hour moving average would hand control back to the sellers. The NASDAQ is now below its 100 day moving average at 24773.56.