(1,0312) The USD/CAD is confirming further consolidation interior the negative day reversal with 1,0355 – 1,0250 still the levels to follow in the coming hours. A daily closing above 1,0355 will re-launch the move up suggesting a 1,04 overshooting!! The indicators of the daily chart are still well positive but also still well overbought; the suggested bearish divergences are however supporting a positive tone!! The indicators of the s/t charts are instead mixed suggesting further consolidation. While above the 200 hours line at 1,0278 the scenery will remain positive supporting higher levels. We stay on the sideline waiting for stronger signals and at this point for today’s figures.
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Future Trend Research