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eclecticaries
Jun 5, 2020 1:52 PM

Consolidation zone? Long potential 

U.S. Dollar/Canadian DollarFXCM

Description

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.

Thoughts?

Comment

Bears are in control.

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