USD/CAD - Week 53 - Daily pullback
USD/CAD
Last week we pointed out that we expect the USD/CAD to start a Daily bullish pullback, which it did. For the moment the price is ranging beneath the upper line of the parallel channel as trading volume thinned out on Christmas Eve. This is a good sign for us and we expect more upside to come for this pair. The market would most likely move slow next week due to the holiday period.
Trade Safe & a Happy New Year!
Best regards,
Financial Flagship
Disclaimer: The analysis provided is just informal and it should not be used as financial advice. Remember that you need a plan before you start trading; so take this as your guide that will ultimately help you understand the market and easily predict your next move.
Last week we pointed out that we expect the USD/CAD to start a Daily bullish pullback, which it did. For the moment the price is ranging beneath the upper line of the parallel channel as trading volume thinned out on Christmas Eve. This is a good sign for us and we expect more upside to come for this pair. The market would most likely move slow next week due to the holiday period.
Trade Safe & a Happy New Year!
Best regards,
Financial Flagship
Disclaimer: The analysis provided is just informal and it should not be used as financial advice. Remember that you need a plan before you start trading; so take this as your guide that will ultimately help you understand the market and easily predict your next move.
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