How far will the Loonie drop?

Good Morning dynamic traders,

Hope you have been enjoying a good week on the markets, time to chill out now as the weekend starts tonight!!

Like Zaheer I will be staying out of the markets today as it is NFP today, but I will recap what the Loonie got up to yesterday.

In the 4 hour chart below you can see price yesterday was having a breather, and from this morning it has continued its descent. This isn’t out of norm as price while in a trend will often take time for a breather. Yesterday I asked how far will price fall, and I have marked on the chart below where I think price might fall too, but we will have to wait and see! Remember always carryout your own analysis.















Happy Trading and I hope you have a great weekend.

Richard Monnery