USD/CAD Analysis - page 42

 
Ari Goldman:

Seem consolidation will continue into the next week.


Agree, especially infront Christmas.

 

Lost some this week but i think the trend would stay to the upside.

 

The pair is preparing to test the support at 1.2620 (early December's low).

 

CAD holding up strong.

 

The pair bounced from the lows around 1.25 and now could aim towards 1.2550.

 

USD/CAD is down with 150 pip on weak US data and upbeat Canada jobs numbers.

 

Important week for the CAD.

 
The pair should break to above the 1.2050 – 1.2515 resistance area in order to bring back bulls in the game.
 

Good to enter long now imo.

 

Looking to go long this week give a good entry point.

Reason: