USDCAD Aug 11 to Aug 15 Outlook

By News Robot

Lawrence’s Comment

Recap
Y+1 cleared as expected. Consolidation action around Y+1. Closed the week above Y+1 and midpoint.

Outlook
Condolidation with strong close implies above B+1 likely. Strong reversal from above B+1 and below B+2 quickly down to B-0 points to swing top in the making with B-2 and below target.

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