(1,0027) The USD/CAD confirmed further consolidation interior the negative outside day with 1,0100 – 1,0010 still the levels to follow in the coming hours. Only a daily closing below 1,0010 will confirm lower levels and for the moment it is holding very well!! The indicators of the daily chart are still well positive while those of the s/t ones are mixed suggesting further consolidation. Bullish divergences, however above 40%, are suggesting a negative tone. While below 1,0045 we expect further weakness. We moved already the stop to 1,0052 while waiting for a possible break on the downside!!
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Future Trend Research