(0,9911) The USD/CAD is also still 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 above 0,9960 will postpone further weakness. The indicators of the daily chart are now again positive as well as those of the weekly one. The indicators of the s/t charts are instead mixed this morning suggesting some consolidation/ correction. The dollar confirmed on Friday a test of the 0,9950 area sending overbought the indicators of the hourly chart. While above 0,9900 on an hourly closing we expect another test on the upside. We stay on the sideline for now still following the inside day.
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Future Trend Research