(1,0228) The USD/CAD is confirming further consolidation interior the inside day with 1,0300 – 1,0200 still the levels to follow in the coming hours. Only a daily closing below 1,02 will support further weakness!! The weekly closing was positive but the dollar remained interior the range of the previous week. The indicators of the daily chart are still well negative suggesting downside pressure but those of the weekly one remain above the line for now. The indicators of the s/t charts are mixed. While below the 200 hours line at 1,0242 we expect the dollar to remain under some pressure suggesting a possible retest of the 1,02 area!! We are still short keeping the stop to 1,0288!!
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Future Trend Research