(1,0027) The USD/CAD confirmed a double top above 1,0080 confirmed by the break below 1,0040, now resistance. We expect a test of the 200 hours line at 0,9999. The drop formed a negative outside day with now 1,0100 – 1,0010 the levels to follow in the coming hours. The indicators of the daily chart are still well positive but those of the s/t ones are now below the line supporting further possible weakness. Consider however that the move up started forming bearish divergences suggesting a change of the tone. We suggest remaining short for a possible 1,00 undershooting. We move the stop to 1,0100, still stop and reverse. We buy a 1,0010 undershooting but avoid going long for now!!
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