December Canada dollar futures a buying opportunity on more price strength.
See on the daily bar chart for the December Canada dollar futures that prices have made a good rebound from the October low and Tuesday hit a four-week high. The bulls have gained upside near-term technical momentum, and would gain more by pushing prices above solid chart resistance at Tuesday’s high of .9728. That would also become a buying opportunity. The upside price objective would be .9875, or above. Technical support, for which to place a protective sell stop just below, is located at .9665.
