(1.0031) The USD/CAD confirmed yesterday a session of consolidation remaining interior the previous day’s range forming a new inside day with 1,0080 – 0,9995 the levels to follow in the coming hours. Only a daily closing below 0,9995 will support lower levels! The indicators of the daily chart are still well positive but also still showing potential negative reversals. Those of the s/t ones are showing a mixed picture this morning suggesting further consolidation. While below 1,0055 n an hourly closing we expect further weakness suggesting a break below 1,0005! In the hourly chart we have already a negative reversal suggesting a s/t target at 0,9989!! We stay short for this possible decline keeping the stop at 1,0055!
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Future Trend Research