(1,0265) The USD/CAD is still confirming further consolidation interior the inside day with 1,0305 – 1,0195 still the levels to follow in the coming hours. It’s now the 7th session the dollar is interior this formation; a break out show now be more powerful!!. The indicators of the daily chart are now turning below the line while those of the s/t ones are already negative supporting further consolidation with now a clear. The drop we had in the last hours brought the DOLL/CAD below the 200 hours line, now resistance at 1,0248. While below this line we expect further pressure for a retest of the 1,02 area!! We stay on the sideline while following the inside day!!
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