USD/CAD – Week 31 – Important week ahead for both USD & CAD.
In our previous forecast, we correctly anticipated that USDCAD will drop towards the support area.
For this week we expect the price to lose a bit more momentum and reverse, anticipating a resistance breakout.
Keep an eye on Friday’s NFP data as well as the unemployment news coming out from Canada.
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.
For this week we expect the price to lose a bit more momentum and reverse, anticipating a resistance breakout.
Keep an eye on Friday’s NFP data as well as the unemployment news coming out from Canada.
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.
