(1,0075) The USD/CAD confirmed on Friday a strong closing after taking out our stop at 1,0035. A daily closing tonight above 1,0084 will support further strength suggesting a possible 1,01 overshooting!! The indicators of the daily chart are still well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are also positive supporting higher levels. Bearish divergences confirm a positive tone; however the hourly chart is still showing a negative reversal situation with however a limited downside potential. for this reason we expect a break on the upside. We put a buy stop at 1,0105!
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Future Trend Research