DOLLAR LONNIE Monthly Outlook for Dec. 2017
dollar loonie pair in november closed with gain at 1.2893 with gain.
for month of december, USD/CAD is opened strong but in last trading session we saw strong breakdown below 1.2825.
below 1.2825, dollar will looking weak and hit lower target of 1.2735 and next target is at 1.2580.
from long term view, loonie below 1.3530 entered bearish trend and heading towards 1.2370 level.