USD/CAD – Week 11 – What’s next?
In our previous analysis, we predicted that USDCAD will gain some momentum and will continue to increase, but instead it came under heavy bearish pressure and made a new low. The move was influenced by the strong Canadian labor market report.
This week we expect the pair to rise and face some resistance around the $1.26 area that, but we will have to wait for a confirmation, as the pair can continue making new lower-lows.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
This week we expect the pair to rise and face some resistance around the $1.26 area that, but we will have to wait for a confirmation, as the pair can continue making new lower-lows.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.