(1,0320) The USD/CAD confirmed a positive closi9ng last night trying now to overcome the resistance at 1,0320. A daily closing above this level will support higher levels suggesting a new 1,04 overshooting!! The indicators of the daily chart are however 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 waiting for higher levels to sell.
Read the full report: USDCAD 09.26
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