(1,0152) The USD/CAD is consolidating since last week above 1,0145, failing yet to confirm our s/t target. The weekly closing was negative as well as the monthly one where it formed a negative month reversal. The indicators of the daily chart are still well negative but not yet those of the weekly and monthly ones. The indicators of the s/t charts are negative supporting lower levels. In the s/t only a move above 101,85 will postpone further weakness favouring a corrective rally that could go as high as 1,0235 where we find a s/t resistance line! We keep staying short moving the again stop to 1,0185. We’re now looking for a drop toward 1,0091!!
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Future Trend Research