USDCAD Range Break

19 Oct


The USDCAD Snapped higher on Friday after piercing above weekly resistance at .9885.  The cross is now creeping up towards the .382 fib from decline beginning last May at .9943.  This level will act as Resistance heading into next week.  A break above exposes the 50 fib at 1.0039.  Support now begins at past resistance at .9885. 

Sup    .9885

Res    .9943             1.0039

Keane Plan....Watching for a pullback towards the .9885 level to consider going long against.

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