March Canada Dollar Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for March Canada dollar futures that prices are in a downtrend and hovering not far above the recent contract low. Prices Friday closed at a bearish weekly low close. The bears are in technical control. A move in prices below the contract low of .8693 would become a selling opportunity. The downside price objective would be .8400 or below. Technical resistance, for which to place a protective buy stop just above, is seen at .8815.
