December Canada dollar futures a selling opportunity on more price weakness.
See on the daily bar chart for the December Canadian dollar futures that prices are in an accelerating downtrend and have recently hit a seven-week low. The bears have the solid near-term technical advantage. A move below chart support at last week’s low of .9437 would become a selling opportunity. The downside price objective would be .9250, or below. Technical resistance, for which to place a protective buy stop just above, is located at .9525.
