(1,0205) The USD/CAD confirmed another weak closing below the low of the previous day supporting further weakness. The drop found however support at the 100 days line at 1,0174; only a daily closing below this line will support further weakness!! The indicators of the daily chart are negative but not yet those of the weekly one despite a weak weekly closing. The indicators of the s/t charts area mixed this morning supporting some consolidation/ correction. Only an hourly closing above 1,0235 will however support higher levels with the 200 hours line at 1,0315 the attraction. We still expect lower levels but moved the stop to 1,0295. In case of an hourly closing below 1,0180 we move it again top 1,0245!!
Read the full report: USDCAD 06.10
Future Trend