USDCAD May 19 to May 23 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected, consolidation near Y-0 with tight range. Closed the week below Y-0 and near week low.

Outlook
Y-1 is asking for a retest. It is lined up with B-2 which makes it a stronger magnet.

A strong reaction to B-2 that snap back up above B-1 will set the stage for a strong rally above B+1 in a week or two.

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