(1,0101) The USD/CAD confirmed a weak closing even below 1,0105 suggesting further downside risk toward the 200 days line, now found at 0,9986. The indicators of the daily chart are still well negative but already showing potential positive reversals. The indicators of the s/t charts are also negative supporting lower levels. While below 1,0120 on a n hourly closing we have to expect further weakness. A break above the resistacne will instead favour a recover toward the 200 hours line, move that we faovur despite the bearish bias! We stay on the sideline.
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Future Trend Research