(1,0147) The USD/CAD confirmed a weak closing below 1,0150 suggesting further downside risk toward our next s/t target at 1,0091. The indicators of the daily chart are still well negative but those of the s/t ones turned mixed this morning suggesting some consolidation/ correction. An hourly closing above 1,0160 will support a move toward the 200 hours line, now found at 1,0180 where we already should find good resistance. We still expect further weakness and try therefore staying short a little longer with the stop still at 1,0185!!
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Future Trend Research