USDCAD Parity Party

30 Oct

The USDCAD managed to break above parity briefly in Asian trading but could not hold onto its gains.  Parity may be a psychological level but the real test rest at the 50 Fib from the decline between August to September at 1.0040.  A break of this level could lead to a test of the topside of the larger declining channel.  Weekly support now begins at .9970.

Sup    .9970

Res    1.0040  ( 50 Fib)

Keane Plan...  Currently consolidating between .9970 and 1.0040.  Looking for a break in either direction.

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