December Canada Dollar Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for the December Canada dollar futures that prices are in a three-week-old downtrend and have just hit a four-week low. The bears have gained downside technical momentum. A move below chart support at .9200 would become a selling opportunity. The downside price objective would be .9000 or below. Technical resistance, for which to place a protective buy stop just above, is located at .9280.
