December Canada Dollar Futures a Buying Opportunity on Fresh Price Strength
See on the daily bar chart for the December Canadian dollar futures that prices have made a good rebound from the August lows. A bullish double-bottom reversal pattern has also formed. A move above solid chart resistance at last week’s high of .9226 would become a buying opportunity. The upside price objective would be .9350, or above. Technical support, for which to place a protective sell stop just below, is located at .9175.
