(1,0259) The USD/CAD confirmed a strong closing last night but it failed to confirm the break above the resistance of the inside day at 1,0270. Nevertheless we could still see a 1,03 overshooting suggesting a retest of the 1,0340 area!! The move up aborted the suggested double top, re-launching instead the move up!! The indicators of the daily chart closed above the line but those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. While below 1,0282 on an hourly closing we favour a little lower levels with the 200 hours line at 1,0179 the attraction!! We suggest therefore selling this dollar here at 1,0260 for this possible drop putting a stop at 1,0297!!
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Future Trend Research