USDCAD Oct 20 to Oct 24 Outlook

By News Robot

Lawrence’s Comment

Recap
Started the week holding Y-0. Upside breakout tagged target Y+2 and stalled. Struggled to hold Y+1 since. Closed the week above Y+1 and near midpoint.

Outlook
1.13 and above rejected but support below Y+1 has fended off the selling twice too. One side must give in. Until then, hands off this pair.

Best setup is a clean break of B-1 with that turning into resistance, which will give us B-2 quickly with B-3 in the card.

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