USD/CAD - Canadian Dollar Proves to be resilient as resistance came in at 0.989

Trend lines are drawn with Andrews pitchfolk.  The resistance at the 200 day moving average was fierce, with a 3 cent decline in 3 days a notable move in the FX.

The fundamentals of the CAD are phenomenal with exposure to commodities such as Oil, Gold, Silver, Potash, etc which has been booming for over a year with QE1,QELite, and QE2.  The markets have rallied on the passage of the austerity plan in Greece, which has reduced the possibility for a Greek default in the short term.  The true test of will come when the citizens feel the true gravity of the downsizing and taxation increases.