The USDCAD is quickly approaching the bottom of its descending channel.  descending channel support rest around parity.  A move down to this level could find buyer due to channel support, plus psychological support at 1.00.  Resistance begins at 1.0050 followed by 1.00.

Sup   1.00

Res   1.0050

Keane Insight:  Looking for a test of trend line support

 

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Keane Insight:  Looking for a test of trend line support