(1,0298) The USD/CAD confirmed still a negative closing last night but overall it is also finding some good support below 1,0280. The indicators of the daily chart are still well negative while those of the s/t ones turned mixed still suggesting some consolidation/ correction. However, only an hourly closing above 1,0335 will support higher levels confirming also a small double bottom. The move up could favour even a 1,04 overshooting and we well know how this dollar can overshoot!! We suggest waiting for this correction to sell for a drop toward 1,0225!
Read the full report: USDCAD 09.18
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