USD/CAD Technical Analysis

(1,0265) The USD/CAD confirmed yesterday a session of consolidation remaining interior Friday’s range forming a new inside day with 1,0325 – 1,0165 the levels to follow in the coming hours. The indicators of the daily chart are still well positive as well as those of the weekly one. The indicators of the s/t charts are below the line this morning suggesting some consolidation/ correction. While below 1,0275 on an hourly closing we expect this dollar to move toward the 200 hours line, now found at 1,0170! We got already stopped out a 1,0299 but try another short position here at 1,0263 putting a stop at 1,0305 that we want to move lower a.s.a.p!

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