December Canadian 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 nearly three-month-old downtrend and on Friday hit a six-month low. The bears have the firm near-term technical advantage. A move below chart support at Friday’s low of .8877 would become a selling opportunity. The downside price objective would be .8600, or below. Technical resistance, for which to place a protective buy stop just above, is located at .9000.
