(1,0298) The USD/CAD formed on Friday a negative day reversal but only a daily closing tonight below 1,0262 will confirm a s/t top supporting a retest of the former resistance line, now support at 1,0213! The indicators of the daily chart are still well positive but also still well overbought and showing a potential negative reversal situation. The indicators of the s/t charts have returned below the line supporting further consolidation/ correction. Only an hourly closing below 1,0262 will however support lower levels with the 200 hours line at 1,0238 the attraction!! We stay on the sideline for now waiting for stronger signals.
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Future Trend Research