(1,0305) The USD/CAD should have confirmed a S_H_S formation in the s/t charts supporting a possible extension of the correction toward the 1,0150 area!! The daily closing was weak well below the lows of the previous sessions supporting lower levels!! The indicators of the daily chart are however still positive but those of the s/t ones turned all negative suggesting further weakness. The drop failed to confirm new bullish divergences. The rebound we’re seeing after the test of the 1,0260 area should find resistance at the 200 hours line, now found at 1,0340. We suggest selling a possible 1,0330 overshooting putting a stop at 1,0395!! A move above 1,0390 will abort the suggested S_H_S formation!!
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