(1,0265) The USD/CAD is overall still confirming further consolidation interior the inside day with 1,0330 – 1,0220 still the levels to follow. Only a daily closing below 1,0220, that yesterday has been tested will confirm lower levels. The closing was anyhow weak suggesting further downside risk. The indicators of the daily chart have turned below the line supporting lower levels and also those of the s/t ones are in negative territory supporting further possible pressure. In the hourly chart we start even seeing bullish divergences supporting a negative tone. A break below 1,0215 confirmed by an hourly closing will favour lower levels suggesting a return toward the 1,01 area!! We expect further weakness.
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Future Trend Research