(1,0363) The USD/CAD formed on Friday a positive day reversal while confirming a positive closing in the weekly chart and a strong one in the monthly one supporting higher levels. In the monthly chart it even formed a positive outside month!! The indicators of the daily chart are still well positive as well as those of the monthly and weekly ones supporting further strength. The indicators of the s/t charts are instead mixed suggesting more consolidation for now. In the hourly chart we have even a potential S_H_S formation with the neck line at 1,0290!! While below 1,0390 on an hourly closing we expect the dollar to turn again lower, scenery suggested also by potential negative reversals, signals however not too strong to suggest a position!!
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