(1,0225) The USD/CAD confirmed a strong closing last night, well above the top of the previous session and also well above the resistance of the inside day at 1,0170 supporting further strength. The US market has still a gap up open of about 30 pips. The indicators of the daily chart closed above the line but are already returning into negative territory. Those of the s/t ones are mixed at the moment suggesting some consolidation/ correction. In the hourly chart the move up formed however bearish divergences supporting a positive tone. In the s/t we expect a return toward the 200 hours line, now found at 1,0157, move that we want to buy!!
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Future Trend Research