(1,0285) The USD/CAD formed a negative day reversal failing to confirm another strong closing. A daily closing tonight below 1,0273 could already resume the decline. The indicators of the daily chart are still well negative while those of the s/t ones are still showing a mixed picture suggesting further consolidation. Only an hourly closing above 1,0321 will support further strength; a break below 1,0270 will instead suggest a possible retest of last week’s low!! We stay on the sideline.
Read the full report: USDCAD 09.24
Future Trend