USD/CAD Weekly forecast - Follow up analysis
So far, it failed to break out the 1.372 zones. It retested that June 1, 2020, anchor candle zone three times and got rejected.
If it can break out and close below the major support 1.348, I believe it will keep falling to the potential targets in the next few days.
Catalyst:
- CAD Jobs data
- BOC Monetary Policy Report
- BOC Rate Statement
- CAD Interest rate
- CPI
- Treasury Currency Report
- Sales data
- G20
PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates.
If it can break out and close below the major support 1.348, I believe it will keep falling to the potential targets in the next few days.
Catalyst:
- CAD Jobs data
- BOC Monetary Policy Report
- BOC Rate Statement
- CAD Interest rate
- CPI
- Treasury Currency Report
- Sales data
- G20
PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates.
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