(0,9905) The USD/CAD confirmed a positive closing while remaining interior the previous day’s range forming a new inside day with 0,9960 – 0,9820 the levels to follow in the coming hours. The indicators of the daily chart are already trying to return above the line and also those of the s/t ones are positive today supporting further strength. The move up should be corrective and find resistance at the 200 hours line at 0,9918 or just above of it. We wait for this possible extension to go short. We sell a 0,9925 overshooting putting a stop at 0,9980.
Click here to read the full report: USDCAD 01.04
Future Trend Research