The USDCAD had consolidated in a narrow range for the majority of the week between .9850 and .98. The pair managed to break above the range in early trading Wednesday but could not gain any traction. The cross crashed back below it's consolidation zone as oil gained almost three dollars in New York trading. Heading into the finial day of trading resistance and support rest at the highs and lows of the week. It would take a break of the high at .9885 or low at .9780. A break lower exposes the declining trend line at .9650 and a push higher targets .9950.
Sup .9885 .9950
Res .9780 .9650
Keane Plan....Looking for a break of either the top or bottom of the weekly range at .9885 and .9780.
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