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Lawrence's Comment
Recap
Upside breakout. Just like any normal breakout, it got the normal target of Y+3 and pullback since. Closed the week near Y+2 and above midpoint.
Outlook
Election result is ...
USDCAD Dec 23 to Dec 27 Outlook
Lawrence’s Comment
Quiet start like other pairs until FOMC news shock. Y+2 usual upside target blocked the upswing. Closed the week above Y-0 and below midpoint.
Outlook
Loonie rejected the upside decisively.As long as B-0 / Y+1 acting as resistance another try at B-1 is likely.
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