(1,0145) The USD/CAD confirmed yesterday further consolidation interior Friday’s inside day with 1,0250 – 1,0110 still the levels to follow in the coming hours. Since yesterday the pair is below the 200 hours line, now s/t resistance at 1,0156; while below this line the pressure is on the downside!! The indicators of the daily chart are still well negative while those of the s/t ones are still showing a mixed picture suggesting further consolidation with however a negative bias. In the s/t only an hourly closing below 1,0130 will postpone further upside potential causing a drop below 1,00!! We try remaining long for a new possible return above the 1,02 level with the stop still at 1,0135!!
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Future Trend Research