1.0039 has once again played its role as resistance yesterday on the USD / CAD hashowever reached 1.0050 in extension.
Parity has dropped below the medium to 1.0.
The indicators are broadly 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 0.9934 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.
Parity has dropped below the medium to 1.0.
The indicators are broadly 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 0.9934 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.
