The USDCAD threatened to break above the top of its range Thursday before promptly reversing tract.  Heading into the end of the week all eyes will be on the ascending trend line at .98 that the pair has ridden higher for the last few weeks.  If the cross breaks below this line a test of channel bottom trend line on the daily chart at .9670 could be in the works.  If the trend line holds once again resistance at .9850 comes back into play.

Sup    .98

Res     .9850

Keane Plan…Looking for a break or hold of the trend line at .98

 

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