17 Jul


The USDCAD has managed to coil in a very tight range so far this month.  The cross has traveled in a narrow 50 pip range.  the top of the range is up at 1.0170 and the bottom is down at the 50 fib from the May lows at 1.0123.  Playing the range is the plan until it breaks.

Sup           1.0123

Res            1.0170

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