Loonie Breakdown

The USDCAD did not manage to break above the MOB so it looks like weakness could be setting in. We may have a bearish flag being created and if that is the case then wait for a break below the low before entry for short. The Ellipse show possible support regions and also use Figures for supports.


Chart courtesy of Advanced GET. Data provided by eSignal.

Forex Analysts
Javid Shaik & Anne Chapman