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 steep four-week-old downtrend and have just hit a three-month low. The bears have downside technical momentum. A move below chart support at this week’s low of .9075 would become a selling opportunity. The downside price objective would be .8900, or below. Technical resistance, for which to place a protective buy stop just above, is located at .9150.
