USD/CAD – Week 15 – Preparing to test the resistance level.
Last week, USD/CAD continued to consolidate underneath the upper channel line and at the moment it looks like it may prepare another impulse that could test the resistance level.
There is a possibility that the price could drop even more into a deep correction that can reach the support area before starting our expected bullish move.
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.
There is a possibility that the price could drop even more into a deep correction that can reach the support area before starting our expected bullish move.
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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