(1.0030) The USD/CAD confirmed last night another strong closing even above the 200 days channel suggesting further strength, especially in case of a daily closing above 1,0060!! The indicators of the daily chart are still well positive and also those of the s/t ones are in positive territory with bearish divergences confirming a positive tone. While above 1,0020 we favour further strength toward 1,0060; a possible break above this resistance will open the way for a rally toward 1,02. We stay on the sideline.
Click here to read the full report: USDCAD 01.25
Future Trend Research