September Canada dollar (D6U26) futures present a selling opportunity on more price weakness.
See on the daily bar chart for the September Canadian dollar futures that prices are trending lower and have just hit a 6.5-month low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is also in a bearish mode as the blue MACD line is below the red trigger line and both lines are trending down. The bears have the near-term technical advantage.
