(1,0146) The USD/CAD confirmed a session of consolidation remaining interior Tuesday’s range forming therefore a new inside day with 1,0180 – 1,0110 the levels to follow in the coming hours. A break of the support confirmed by a daily closing will favour direct lower levels. The indicators of the daily chart are still well negative but those of the s/t ones turned all above the line for now suggesting some consolidation/ correction. However, still only an hourly closing above 1,0160 will support a higher with the 200 hours line, now found at 1,0170, the first attraction. In case of a break above 1,0160 we can however expect higher levels!! We still expect further weakness and try still staying short a little longer with the stop now at 1,0180, now stop and reverse for a 1,02 overshooting!!
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Future Trend Research