(1,0383) The USD/CAD failed to confirm the previous day’s negative day reversal forming instead a positive one supporting a possible retest of last week’s top, especially while above 1,0350 on an hourly closing. The indicators of the daily chart are however still below the line but those of the s/t charts are positive supporting further strength. In the hourly chart we have a positive reversal supporting a new s/t target at 1,0456. We suggest therefore staying long moving the stop however already closer to 1,0345!! Already an hourly closing below 1,0365 will support a deeper correction
Read the full report: USDCAD 08.07
Future Trend