(1,0120) The USD/CAD confirmed a positive closing also last night but failed yet to confirm an important extension of the move up after the break above 1,01 and this is disappointing! The indicators of the daily chart are still well positive supporting higher levels but those of the s/t ones already returned mixed suggesting some consolidation/ correction. An hourly closing below 1,0105 will favour a return toward 1,0075 while the 200 hours line is found at 1,0055. We prefer squaring the position for now waiting for a possible correction toward the 200 hours line to buy it again. We sold at 1,0116!
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Future Trend Research