(1,0400) The USD/CAD confirmed a weak closing below the support of the inside day at 1,0460; the weekly one was also weak however the dollar is still interior the inside week with 1,0580 – 1,0305 the levels!! The indicators of the daily chart turned negative as well as those of the weekly one supporting further weakness. The indicators of the s/t charts are mixed this morning with however a negative bias; they dropped toward 20% in the hourly chart suggesting a negative tone. While below 1,0440 we expect therefore further weakness suggesting a 1,0350 undershooting!! We sold the break below 1,0460 as suggested. We put a stop already at 1,0445!
Read the full report: USDCAD 09.09
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