The USDCAD has been consolidating around the .382 fib from the decline starting last May at .9943. a break of the resistance zone between .9943/.9950. Could open the pair up to a run towards the 50 Fib at 1.0039. Resistance now begins at .9885. A break below that level and the cross could fall back into the consolidation zone from last week between .9885 and .9765.
Res .9943/50 1.0039 ( 50 Fib)
Keane Plan...Watching for a break of either .9950 or .9885 for a larger move.
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