(1,0224) The USD/CAD is still well bid above 1,0200. In yesterday’s session it formed a new inside day with 1,0270 – 1,0115 the levels to follow in the coming hours. We believe this dollar formed a small double top above 1,0250 confirmed by a few hourly closings below 1,0212. We expect therefore lower levels with the 200 hours line at 1,0168 the possible attraction!! The indicators of the daily chart closed again below the line while those of the s/t ones are mixed supporting further consolidation/ correction. A possible decline will be corrective but we suggest buying this dollar only close to the 200 hours line!! An hourly closing below 1,0205 will support lower levels!!
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Future Trend Research