September Canada dollar futures a buying opportunity on more price strength.
See on the daily bar chart for the September Canadian dollar futures that prices are in a steep uptrend from the April low and this week hit a 2.5-month high. The bulls have good upside technical momentum to suggest the price uptrend will continue. A move above chart resistance at this week’s high of .9915 would become a fresh buying opportunity. The upside price objective would be 1.0100, or above. Technical support, for which to place a protective sell stop just below, is located at .9850.
