(1,0345) The USD/CAD confirmed a positive closing breaking this morning above the 1,0340 level; a daily closing above this resistance will support further strength suggesting even a 1,04 overshooting. The indicators of the daily chart are still below the line but those of the s/t ones moved above the line supporting the rebound. We had already an hourly closing above 1,0345 suggesting further strength. Possible now an extension toward 1,04 area. We’re selling a 1,0420 overshooting!!
Read the full report: USDCAD 10.02
Future Trend