USDCAD What a week, Slipped out of the range.


The USDCAD did the unthinkable this week and broke out of the range that has contained over the last few months.  On Friday the pair gained a bit of momentum and pressed above the 1.02 area.  Resistance is now at daily highs at 1.0225.  Above this level we run into a shallow top around 1.03.  Support is now at past resistance at 1.0050.  A bit of consolidation could be in the cards to start next week.

Sup     1.0050

Res      1.0225

Leave a Reply