(0,9865) The USD/CAD is still under pressure and also last night it confirmed a weak closing supporting further weakness. The indicators of the daily chart are still well negative supporting lower levels and also those of the s/t ones are below the line with further bullish divergences supporting a negative tone. Only an hourly closing above 0,9875 will postpone the decline favouring a retest of the 0,9890 area if not even an overshooting toward the 200 hours line at 0,9915. We expect further weakness. We stay short for with the stop moved to 0,9895.
Click here to read the full report: USDCAD 12.11
Future Trend Research