USD/CAD Technical Analysis

(1,0150) The USD/CAD confirmed another weak closing on Friday and also the weekly one was negative while however remaining interior the range of the previous week!! The indicators of the daily chart are well negative but those of the weekly one are still above the line, for now at least. The indicators of the s/t charts are negative with bullish divergences confirming a negative tone. We expect further weakness suggesting a retest of the 1,0080 area. We stay on the sideline waiting for a decent rebound to sell!!

Click here to read the full report: USDCAD 04.29

 

Future Trend