The USDCAD traded in slow motion in the middle of the week. The pair moved down to test the 50 Fib From the May lows at 1.0123. The cross hovered around this level for 2 days before deciding to bounce higher towards the 1.02 level on Friday. 1.02 also represents the .382 Fib from the May lows. Until the cross breaks out of this range playing the inside will be the way to go. When the range breaks, support begins at 1.0350 and resistance is at the .618 fib at 1.0050.
Sup 1.0123 1.0047
Res 1.02 1.0350