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