After re-test 0.9800, fluctuating U.S. dollar against the Canadian dollar near the mentioned level and expected to signal the resumption of the downward trend that remains in control of the short-term trades, where SMA 50 provides good support for these expectations.
Stochastic intersects negatively now is a good technician incentive supports decrease wait scenario targeting 0.9565 mainly, with attention to the fact that the breach of 0.9800 and stabilizing above it will pay the price to visit the levels around 0.9885 initially.
Expected trading range for this week between: support at 0.9500 and resistance 0.9885
General tendency is expected for this week: Down