(1,0330) The USD/CAD is still confirming further consolidation interior the inside day with 1,0365 – 1,0260 still the levels to follow in the coming hours. The weekly closing was positive! The indicators of the daily chart are still well negative as well as those of the weekly one suggesting further downside risk. The indicators of the s/t charts are instead mixed supporting further consolidation/ correction. We remain on the sideline for now.
Read the full report: USDCAD 08.19
Future Trend