USDCAD Dec 15 to Dec 19 Outlook

By News Robot

Lawrence’s Comment

Recap
Normal scenario unfolder. Y-0 acted as support with Y+1 not acting as resistance. Paved way to Y+2 and materialized later in the week. Closed the week above Y+2 and near week high.

Outlook
Up channel in place making it hard to go much higher until some form of pullback happens. FBO against B+1 will send this back down to below B-0 easily.

Share

  • You must be logged in to comment. Log in