美元 / 加元

what can possibly happen with loonie

122
Hello traders heres my outlook on this pair. We can see that the price bounced off the 0.786 retracement which also has some good structure and a trendline right there as well. Also the MacD did show a reversal towards the upside since it made a lower low where as the price made a higher low. Now what we have to observe is how high does the price action take the price. Also to be kept in mind that the Alberta fires can have a major impact on the economy since its the center for timber and oil extraction and canada and plays a major role in supporting the canadian economy.
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