(1,0330) The USD/CAD confirmed a negative closing last suggesting further downside pressure toward our target at 1,0225! The indicators of the daily chart are still well negative but those of the s/t ones are above the line this morning suggesting some consolidation/ correction. While above 1,0320 on an hourly closing we favour higher levels toward the 200 hours line at 1,0367 with even a possible overshooting to 1,04. We suggest waiting for this correction to sell for a drop toward 1,0225!
Read the full report: USDCAD 09.17
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