(1,0528) The USD/CAD is still confirming further consolidation interior the inside day with 1,0550 – 1,0460 still the levels to follow; only a daily closing below 1,0460 will support lower levels! The indicators of the daily chart are still well positive while those of the s/t ones are still showing a mixed picture suggesting further consolidation. It found good support at 1,0475 breaking above 1,0515 resuming probably the move up that could go as high as 1,0718! Only a break below 1,0470 will postpone further strength causing a deeper correction.
Read the full report: USDCAD 08.30
Future Trend