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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