USDCAD Jul 28 to Aug 01 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-1 support consolidation created a breakout play. Breaking above led to a surge to measured move target above Y+1. Closed the week above Y+1 and near week high.

Outlook
2nd push higher with strong resistance above at B+1 / Y+2. Clearing Y+2 quickly will lead to a quick run to B+3.

Consolidation below resistance more likely.

Share

  • You must be logged in to comment. Log in