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 a solid downtrend and have recently hit a contract low. The bears have the firm near-term technical advantage. A move in prices below chart support at Tuesday’s low of .8840 would become a selling opportunity. The downside price objective would be .8550, or below. Technical resistance, for which to place a protective buy stop just above, is located at .8950.
