(1,0175) The USD/CAD formed a negative outside day with now 1,0240 – 1,0135 the levels to follow in the coming hours. Only a daily closing below 1,0135 will support lower levels with the 200 days line at 1,0035 the attraction!! The indicators of the daily chart are still well negative while those of the s/t ones are showing a mixed picture suggesting further consolidation. Bullish divergences confirm however a negative tone. We wait for a possible return above 1,02 to sell!
Read the full report: USDCAD 06.14
Future Trend