Consolidation zone? Long potential

FX:USDCAD   U.S. Dollar / Canadian Dollar
Entering supply zone .

Food for thought; The lower we head the stronger the loonie stands against the dollar.

Oil currently holding / CL $38-39 range.

On the flipside we have a potential second wave of covid-19.

Would be beneficial to have the loonie rise to the 1.36-1.37 area before heading lower.

Comment: Bears are in control.

Expecting to see the week start off with bullish momentum. and a continued stronger loonie.


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