(1,0420) The USD/CAD confirmed yesterday further consolidation interior the negative day reversal with 1,0405 – 1,0275 still the levels to follow in the coming hours. This morning it broke on the upside supporting a possible move up toward next resistance at 1,0450!! The indicators of the daily chart are still well positive and this morning also those of the s/t ones are above the line supporting further strength. Bearish divergences confirm a positive tone. We have to expect further strength but in the s/t we favour a retest of the 1,0390/80 support area; the holding of this support will support a break 1,0450!! We wait for lower levels to buy!
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