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.
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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