(1,0045) The USD/CAD confirmed the expected 1,0010 overshooting hitting already the 1,0050 level. This move up should be corrective but suggest remaining flexible. The indicators of the daily chart are still well positive as well as those of the weekly one where the dollar failed to confirm the previous week’s negative week reversal!! The indicators of the s/t charts are positive at the moment with even bearish divergences in the hourly chart supporting a positive tone. Nevertheless we will anyhow try a short position in case of a 1,0070 overshooting putting a stop at 1,0115. We are looking for a return toward the 200 hours line at 0,9985!!
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