(1,0269) The USD/CAD is overall still confirming further consolidation interior the negative day reversal with 1,0355 – 1,0250 still the levels to follow. The indicators of the daily chart are still well positive but now less overbought; those of the s/t ones are instead mixed suggesting further consolidation/ correction. While below 1,03 we expect a retest of Friday low with even a possible undershooting of the 1,02 level!! An hourly closing above 1,03 will instead resume the move up!! We stay on the sideline still waiting for stronger signals!!
Click here to read the full report: USDCAD 03.12
Future Trend Research