December Canada dollar futures a selling opportunity on more price weakness. See on the daily bar chart for the December Canada dollar that prices are in a steep downtrend and have recently hit a 5.5-month low. The bears still have downside technical momentum to suggest prices will continue to trend sideways to lower in the near term. A move below technical support at last week’s low of .8990 would become a selling opportunity. The downside price objective would be .8800, or below. Technical resistance, for which to place a protective buy stop just above, is located at .9075.
