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 have backed well down from the September high and it appears the bulls have become exhausted. A move below chart support at .9650 would provide the bears with better downside near-term technical momentum and it would also become a selling opportunity. The downside price objective would be .9500, or below. Technical resistance, for which to place a protective buy stop just above, is located at .9726.
