The loonie has created a bullish bat, it is on a support area and the price is in a congestion phase ; united states dollar went down yesterday due to optimistic market conditions (Moderna said that Covid vaccine could be ready by the end of the year, France and Germany created a recovery fund of 500 billions of euro (ready by 2021). I think that despite this, the global economies will keep on suffering for a while, so the safe currency usd will be strong. place a stop loss at 1.3880 and a tkae profit at 1.4025.
Enjoy your trading
Enjoy your trading