USDCAD Loking over the edge.

The USDCAD broke lower once again on Tuesday.  The pair now rest on the edge of what could amount to a  much larger move lower.  If the cross manages to break below the .9720 level a lot of air remains below until .94.  It will be interesting to see how the cross reacts to any development following the FOMC meeting Thursday.

Sup   .9720            .94

Res     .98

Keane Plan....Watching price action at the .9720 level.

 

 
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