(1,0185) The USD/CAD confirmed another session of consolidation remaining interior the inside day with 1,0300 – 1,0155 still the levels to follow in the coming hours. Only a daily closing below 1,0155 will support lower levels with the 200 days line at 1,0031 the attraction!! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting lower levels. We have a new negative reversal in the hourly chart suggesting a s/t target at 1,0084. An hourly closing below 1,0165 will confirm lower levels. We got stopped out for now at 1,0247. We wait for a possible rebound to sell again but only close to the 200 hours line, now found at 1,0281!
Read the full report: USDCAD 06.12
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