USDCAD Little Spade Not Much Action
2012
The USDCAD dropped down to test trend line support in New York Trading. the cross has tried to bounce from this level but has had trouble gaining traction. A break of the trend line could expose the pair for a test of the 1.02 zone. As long as the pair remains above the trend line we could see a slow drift towards the 1.03 area. It is unusual that the pair is drifting higher with risk. The coorelation is normally negative. A snap could be in the works.
Sup 1.0250
Res 1.03
Thursday's Trading Plan Video....Three minute Rundown of the Majors http://youtu.be/PSAec4ra4kU