The USD / CAD is out of its downtrend channel (purple lines), but continues to test support at 0.9950.
All indicators are bearish.
Parity is still evolving in its medium-term downward sloping (black line).
We continue to advise short positions that resistance is 1.0039.
The breaking of 0.9950 would signal a new sales and pave the way to 0.99.
In case of return above 1.0039, we will be neutral between this level and 1.0079.
The breaking of 1.0079 would give a buy signal.
All indicators are bearish.
Parity is still evolving in its medium-term downward sloping (black line).
We continue to advise short positions that resistance is 1.0039.
The breaking of 0.9950 would signal a new sales and pave the way to 0.99.
In case of return above 1.0039, we will be neutral between this level and 1.0079.
The breaking of 1.0079 would give a buy signal.
