(1,0326) The USD/CAD confirmed a session of consolidation remaining interior the negative day reversal; we have now 1,0405 – 1,0275 the levels to follow in the coming hours. While above 1,0275 on an hourly closing we expect further upside potential. the weekly closing was instead strong, above the top of the previous week and by the way also above the resistance line of a symmetrical triangle this pair was in since July last year!! The indicators of the daily chart are still well positive as well as those of the weekly one supporting further strength. The indicators of the s/t ones are instead mixed suggesting some consolidation/ correction. Only a break below 1,0285 will confirm an extension of the correction with the 200 hours line at 1,0273 the first attraction!! We wait for lower levels to buy!
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