(1,0485) The USD/CAD is still confirming further consolidation interior the inside day with 1,0555 – 1,0460 still the levels to follow in the coming hours/ session. The indicators of the daily chart are however still well positive but those of the s/t ones are below the line this morning suggesting further pressure. Fresh bullish divergences in the hourly chart support a negative tone. While below the 200 hours line at 1,0514 we expect further weakness! We follow the inside day for confirmations selling a break below 1,0460!
Read the full report: USDCAD 09.06
Future Trend