USDCAD dips below the 100/200 hour MA. Near the middle of the value area.

Most of the price action in the USDCAD between 1.25387 to 1.26282
The USDCAD has dipped back below the 100/200 hour MAs at 1.25784 and 1.25725.   That is tilting the bias more to the downside technically.