USDCAD Consolidating, I think I Can, Consolidating…

The USDCAD spent the majority of the day Monday consolidating around key resistance at .9943/50.  This level represents the .382 fib level from October's decline and strong daily price resistance.  Price action will be key at this point.  A push above exposes parity and more important the 50 fib at 1.0030.  Any downturn will find initial support at .9885.

Sup    .9885  (.382 Fib)

Res     1.0000      1.0040 (50 Fib)

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