USDCAD Walking A Line

 

The USDCAD Spent another day 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.  Standing aside until the pair breaks above or below the range between .9885 and .9950.

Sup   .9885

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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