USD/CAD – Week 7 – “The Loonie” undecided yet.

Friday’s stats didn’t have a big impact on the “Loonie”, as the price moved corrective for the whole week. We consider this consolidation to potentially be the trigger for a bullish move that can push the price towards the $1.30 area. However, the pair can go on and create a new low, but our focus will remain on the bullish move.

Don’t forget to be patient and don’t jump in any trade without a proper setup.

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.

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