(1,0529) The USD/CAD failed to confirm Friday’s negative day reversal suggesting therefore further upside potential, especially while above the 1,0495 level on an hourly closing. The indicators of the daily chart are still well positive while those of the s/t ones are showing a mixed picture with however a positive bias. An hourly closing above 1,0535 will support a retest of Friday’s top if not even a move above 1,06!! We keep staying short for now with the stop still at 1,0575!
Read the full report: USDCAD 08.27
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