While other currencies have shown some weakness in the recent weeks, USDCAD has remained strong. I expect the current trend to continue after the strong rejection and failed break lower from the 1.2650 level.
Will the current consolidation turn out to be a bear flag moving higher to the 1.3100 figure? I will be watching for a retracement to get in on the long side for a run higher.
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
Will the current consolidation turn out to be a bear flag moving higher to the 1.3100 figure? I will be watching for a retracement to get in on the long side for a run higher.
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.