USD/CAD Technical Analysis

(0,9867) The USD/CAD is still confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours. Only a daily closing below 0,9820 will confirm further weakness. The indicators of the daily chart are still well negative but those of the s/t ones keep remaining above the line also this morning suggesting some s/t upside potential, especially while above the 200 hours line, now support at 0,9855. However only an hourly closing above 0,9880 will postpone further weakness favouring an extension of the correction and this time we may see a 0,9900 overshooting!! We stay on the sideline for now following the inside day.

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