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Loonie Poised To Take A Breather On Its Ascent

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Sep 1, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Whilst medium-term forecasts for the Loonie remain bullish, the pair may have to take a slight breather during its ascent. Specifically, we might see a reversal as the week draws to a close and the USDCAD reaches the upside constraint of its bullish channel. Resistance around this level is likely[​IMG]

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