USDCAD Dec 23 to Dec 27 Outlook

By News Robot

Lawrence’s Comment

Recap
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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