The USDCAD bounced higher today after the GDP reading came in lower than expected.  The pair is now once again above parity but below the 50 fib at 1.0040.  A break of the 50 Fib would open up the pair to further advances.  On such a break the first target would be the .618 fib at 1.0135.  Resistance now starts at the .382 fib from the decline between May and September at .9943.

Keane Plan….It’s all about the Fibs…Looking for a break of the .50 or .318 Fibs

Fib Levels

.618        1.0135

.50          1.0040

.382        .9943

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