(1.0065) The USD/CAD confirmed a positive closing after having found also yesterday good resistance above 1,01. While above 1,0040 on a daily closing we should be able to see a direct extension of the move up toward the 1,02 area, even 1,0250. Only a daily closing above this last level will confirm much higher levels for this pair!! The indicators of the daily chart are still well positive but already showing potential negative reversals. Those of the s/t ones are mixed suggesting some consolidation. Bearish divergences confirm however still a positive tone. Nevertheless the dollar could have formed a double top with the break below 1,0055; possible move up are therefore corrective. We sell a 1,0070 overshooting putting a stop at 1,0110; we are looking or a move toward the 200 hours line at 0,9971!!
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