USDCAD…Channel Top Rejects

The USDCAD managed to squeeze higher to test its channel top and daily price support at .9950 before quickly reversing back into the channel.  The cross now sits roughly mid-range in the channel.  Support begins around .99 followed by the channel bottom at .9885.  A break of the top of the channel could expose the pair to another run at parity.

Sup   .99                         .9885

Res   .9950                     1.00

Keane Plan...Watching for a break of the top of the channel or a bounce of channel support at .9885.

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