(1,0496) The USD/CAD confirmed a strong closing last night well above the 1,0450 level suggesting further s/t upside potential. Possible at this point a retest of the 1,06 area! The indicators of the daily chart are now well positive as well as those of the s/t ones where we have however overbought conditions. Nevertheless we could see a direct extension at least toward 1,0530/50 where we expect however strong resistance. We want to sell a direct extension of the present move up for a return toward the 200 hours line, now still found at 1,0350!! We sell a 1,0530 overshooting.
Read the full report: USDCAD 08.22
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