(1,0360) The USD/CAD confirmed the previous day’s closing while however remaining interior the range of Monday’s inside day with 1,0400 – 1,0250 still the levels to follow in the coming hours. A break above 1,04 will support further strength aborting the S_H_S formation that we suggested and probably propelling higher this dollar suggesting a 1,05 overshooting! The indicators of the daily chart are still well positive and at the moment also those of the s/t ones are above the line supporting further strength. While above the 200 hours line at 1,0344 on an hourly closing we favour further strength but only an hourly closing above 1,0390 will confirm higher levels!! We keep staying short but yesterday it failed to move below 1,0330 where it found good support. We keep the stop and reverse at 1,0395
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