(1,0230) The USD/CAD confirmed a very weak closing in the daily chart as well as in the weekly one. It broke also the support of the inside day at 1,0220 suggesting further weakness. The indicators of the daily chart have turned below the line but those of the weekly one are still in positive territory. The indicators of the s/t chart turned also above the line for now supporting a possible rebound. The drop below 1,02 formed however bullish divergences in the hourly chart suggesting a negative tone. Possible move up are therefore corrective. We suggest selling a 1,0260 overshooting putting a stop above 1,03!!
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Future Trend Research