(1,0170) The USD/CAD confirmed another weak closing and this time well below the 1,02 level suggesting further weakness toward our target at 1,0145 but we could probably see also a 1,01 undershooting!! The indicators of the daily chart are still well negative and also those of the s/t ones are below the line supporting further weakness. Further bullish divergences in the hourly chart confirm a negative tone. While below the previous low at 1,0180 on an hourly closing we expect a test of our target at 1,0145!! We keep staying short moving the stop to 1,0215.
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Future Trend Research
