(1,0270) The USD/CAD confirmed yesterday a session of consolidation interior Friday’s negative day reversal with now 1,0355 – 1,0250 the levels to follow in the coming hours. A break of the support confirmed by a daily closing will confirm also Friday’s negative day reversal!! The indicators of the daily chart are still well positive but also still well overbought and showing a potential double top formation. The indicators of the s/t charts are below the line at the moment suggesting further consolidation/ correction. We expect a possible drop toward the 1,02 area but are missing a strong signal to suggest a position!!
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Future Trend Research