(1,0253) The USD/CAD confirmed a session of consolidation interior the previous day’s range forming a new inside day with 1,0300 – 1,0200 the levels to follow in the coming hours. The indicators of the daily chart are however still below the line suggesting further possible weakness while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. The indicators of the hourly hart are however negative suggesting some pressure and an hourly closing below 1,0240 will support lower levels toward the possible target at 1,0145! We keep staying short with the stop at 1,0305!
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Future Trend Research