(1,0188) The USD/CAD confirmed a session of consolidation remaining in the lower range of Friday. It formed a new inside day with 1,0300 – 1,0155 the levels to follow in the coming hours. A daily closing below 1,0155 will support lower levels with the 200 days line at 1,0028 the attraction!! The indicators of the daily chart are still well negative but those of the s/t ones are still showing a mixed picture suggesting further consolidation. In the hourly chart we have already a negative reversal suggesting a target at 1,0125!! Still only an hourly closing above 1,0235 will postpone further weakness supporting a rebound toward the 200 hours line, today at 1,0297. We keep staying short with a stop now at 1,0245
Read the full report: USDCAD 06.11
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