September Canada dollar futures a buying opportunity on more price strength.
See on the daily bar chart for the September Canadian dollar futures that prices have made a strong rebound from the May low, are trending higher and have just hit a fresh four-week high. The bulls have gained good upside near-term technical momentum. A move above chart resistance at Thursday’s high of .9834 would become a buying opportunity. The upside price objective would be 1.0000, or above. Technical support, for which to place a protective sell stop just below, is located at .9750.
