(1,0160) The USD/CAD is still confirming further consolidation interior the 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 1,0036 the attraction!! The indicators of the daily chart are still well negative but those of the weekly one remain above the line for now. The indicators of the s/t charts are instead still showing a mixed picture suggesting further consolidation. Bullish divergences still confirm however a negative tone. We wait for a possible return above 1,02 to sell!
Read the full report: USDCAD 06.17
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