(1,0322) The USD/CAD confirmed a session of consolidation remaining interior Friday’s range forming a new inside day with 1,0365 – 1,0260 the levels to follow in the coming hours. A daily closing below the support will favour a drop toward the 200 days line at 1,0150!! The indicators of the daily chart are still well negative while those of the s/t ones are mixed supporting some consolidation/ correction. The hourly closing above 1,0320 is suggesting a possible retest of the 200 hours line at 1,0355. The possible move up is corrective and a selling opportunity, however we suggest waiting for a possible 1,0375 overshooting!! We sell a possible 1,0375 overshooting!
Read the full report: USDCAD 08.13
Future Trend