(1,0180) The USD/CAD is still confirming further consolidation interior the negative outside day with 1,0240 – 1,0135 still 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 while those of the s/t ones turned above the line for now supporting a possible extension of the correction. Only an hourly closing above 1,0185 will however confirm higher levels. A move below 1,0145 confirmed by an hourly closing will instead confirm a new negative reversal in the hourly chart suggesting a target at 1,0034! We wait for a possible return above 1,02 to sell!
Read the full report: USDCAD 06.18
Future Trend