(1,0072) The USD/CAD formed a negative day reversal reversing the previous few session’s rise. While below 1,0135 we expect the dollar to extend the decline toward the 200 days line at 0,9989!! The indicators of the daily chart are still well negative and also those of the weekly one closed below the line suggesting further weakness. The indicators of the s/t charts are instead well mixed a the moment. However, the return below 1,01 confirmed a negative reversal in the hourly chart suggesting a s/t target at 0,9907!! Only a return above 1,0135 will postpone this scenery favouring a higher retracement!!
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Future Trend