(0,9930)The USD/CAD is still confirming further consolidation interior last Friday’s range when it formed an inside day with 0,9965 – 0,9860 still the levels to follow; a daily closing above 0,9965 will support an extension of the move up suggesting a return above parity!! The indicators of the daily chart are now well positive and also those of the weekly one closed above the line last week supporting further strength. The indicators of the s/t charts are instead mixed this morning suggesting further consolidation. In the hourly chart we have a potential double top formation that however only a return below 0,9905 will confirm. While above we have to expect further strength!!
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Future Trend Research