USD/CAD – Week 43 – Bouncing off the channel line.
In our previous forecast, we anticipated the price to pullback towards the orange trendline. Instead, the price continued to drop slowly.
In the coming days, we expect the pair to enter into a consolidation phase, having a chance to reach the resistance level.
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.
In the coming days, we expect the pair to enter into a consolidation phase, having a chance to reach the resistance level.
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.
