In our previous forecast, we anticipated that USDCAD will drop and will shortly resume the bullish trend. Instead, the price continued the bearish momentum more than we expected, as the correction turned out to be a bit more complex, hence last week’s bullish signal. For this week we expect the price to lose a bit more momentum and reverse, our target being a new top. 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.