(1,0250) The USD/CAD confirmed a session of consolidation forming a new inside day with 1,0305 – 1,0195 the levels to follow in the coming hours. In the s/t charts we have a potential S_H_S formation with the neck line at 1,0235. A break below this line confirmed by an hourly closing will favour a return toward the 200 hours line, now found at 1,0187!! The indicators of the daily chart are still positive while those of the s/t ones are mixed supporting further consolidation. While below 1,0272 on an hourly closing, the potential right shoulder, we favour lower levels with the 200 hours line the attraction!! We stay short with the stop now already at 1,0285!!
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Future Trend Research