USDCAD Jan 13 to Jan 17 Outlook

By News Robot

Lawrence’s Comment

Recap
Waiting for the breakout paid off. Upside breakout tagged the usual Y+3 target and paused there. After NFP price zoomed to Y+4 and stalled. Closed the week above Y+3 and midpoint.

Outlook
Multiple week compression gives us this powerful rally. More upside is expected. A drift back to B-0 support is possible but not necessary.

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