The USDCAD did the unthinkable in late New York trading on Tuesday and broke above 1.0050.  If the pair can gain traction above this level we could see a major trend shift.  The 1.0050 area has contained price action since the beginning of February.  1.0150 is the first level of major price resistance above 1.0o50.  If 1.0050 once again rejects price action support begins at parity.

Sup      1.0000

Res      1.0150