(1,0259) The USD/CAD confirmed on Friday further consolidation interior the inside day with 1,0305 – 1,0195 still the levels to follow in the coming hours. In the s/t charts we have still a potential S_H_S formation with the neck line at 1,0240. A break below this line confirmed by an hourly closing will favour a return toward the 200 hours line, now found at 1,0200!! The indicators of the daily chart are still positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are instead mixed supporting further consolidation. While below 1,0272 on an hourly closing, the potential right shoulder, we favour lower levels with the 200 hours line the attraction!! We stay short with the stop still at 1,0285!!
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Future Trend Research