(1,0172) The USD/CAD formed a small positive day reversal but only a daily closing above 1,0197 will confirm a s/t bottom! The indicators of the daily chart are still well negative while those of the s/t ones are mixed suggesting some consolidation/ correction. Bullish divergences support however still a negative tone. While below 1,0197 on an hourly closing we expect further weakness toward our target at 1,0145!! We keep staying short moving the stop to 1,0205.
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Future Trend Research