USD/CAD Technical Analysis

(0,9838) The USD/CAD is confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours. Only a daily closing below 0,9820 will confirm further weakness. The indicators of the daily chart are still in negative territory suggesting further weakness. Those of the s/t charts are now negative supporting a possible break below 0,9220. Bullish divergences confirm a negative tone! Possible rebounds should now find resistance at 0,9850 before the 200 hours line at 0,9874. We stay on the sideline for now following the inside day

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