(1,0220) 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 but those of the s/t ones turned above the line for now supporting a correction. While above 1,0195 we expect an extension of the corrective move up toward the 200 hours line, now found at 1,0264 with even a possible 1,03 overshooting. This move up is a selling opportunity! We wait for higher levels to sell!!
Read the full report: USDCAD 06.13
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