USDCAD Breaks Below Channel Support
2012
The USDCAD continued its slide lower last week. The cross tried to bounce at strong daily support from a weekly ascending trend line but could not gain momentum into the weekend. The pair finished the week Friday with a close below channel and daily support. Until the pair pulls back a bit shorting at these levels would be risky. Any pullback could find sellers.
Sup .99
Res 1.00
Keane Insight: A pullback towards parity could find sellers
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