March Canada dollar futures a selling opportunity on more price weakness.
See on the daily bar chart for the March Canadian dollar futures that prices are in a three-month-old downtrend and have just hit a contract low. The bears have the firm near-term technical advantage. A move below chart support at the contract low of .9300 would become a selling opportunity. The downside price objective would be .9150, or below. Technical resistance, for which to place a protective buy stop just above, is located at .9375.
