The dollar versus loonie continues trading around 23.6% correction within an extremely narrow range, where its downside is impeded by the positive signs appearing on Stochastic. We still hold onto our morning expectations, while we await the pairtobreach 1.0715 supportto opening the waytowards 1.0300 followed by1.000;the downside potential remains valid as far as1.0925 remains intact.
The trading range for today is among the key support at 1.0565 and the key resistance at 1.1000.
The general trend is to the downside as far as 1.1870 remains intact with targets at 1.0300.
|Recommendation||Based on the charts and explanations above our opinion is selling pair with the breach of 1.0715 To 1.0600 and stop loss above 1.0785, might be appropriate|