USDCAD Fades into the close

The USDCAD spiked higher above the 1.0250 level in New York only to give back its gains into the close.  The pair closed the day back below the 1.0240.  A hold below this price and we may see a re test of support at 1.0135.    A break and hold above 1.0240 and we could see a test of resistance at 1.0315.

Sup    1.0135

Res    1.0315

Watch Currency Wrap a quick market shot and trading plan for tonight  Asian and European markets


Leave a Reply