(1,0188) The USD/CAD confirmed the expected rebound, however only this morning. On Friday it confirmed a session of consolidation forming a new inside day with 1,0170 – 1,0070 the levels to follow in the coming hours. The move up this morning is already breaking above the resistance line suggesting further strength. The indicators of the daily chart are however still well negative but those of the weekly one are above the line despite a negative weekly closing. The indicators of the s/t charts are above the line this morning supporting further s/t strength. Possible a move toward 1,0210 where we suggest selling for a return toward the 200 hours line, now found at 1,0148!! We stay on the sideline.
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Future Trend Research