(1,0249) The USD/CAD confirmed a further strong closing yesterday, taking even out our stop at 1,0275 before however turning again lower this morning. 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 turned instead mixed this morning suggesting some consolidation/ correction. Having formed clear bearish divergences the decline should be corrective and a buying opportunity. We suggest however waiting for a sensible correction toward the 200 hours line, now found at 101,39, before buying!!
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Future Trend Research