(1,0230) The USD/CAD confirmed on Friday even a 1,0250 overshooting before however closing the session below the resistance line at 10220! The indicators of the daily chart are still well positive but also still well overbought showing a potential negative reversal situation. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. An hourly closing below 1,0200 will favour a correction with the 200 hours line at 1,0112 the possible attraction. We sold on Friday the move up as suggested at 1,0244. We put a stop at 1,0275.
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Future Trend Research