USDCAD DRIFTING BELOW CHANNEL SUPPORT
20
Aug
2012
2012
The USDCAD continued its slow crawl lower this week. The pair set a new weekly low around .9860. This level should act as support heading into next week. Past channel support could now act as resistance around .99. A break back into the channel could lead to a pullback towards parity.
Sup .9860
Res .99 1.00
Keane Plan: Looking for a pullback to sell into.