USDCAD Feb 01 to Feb 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation actions with equal distance from Y-1. 1.40 longer term support tested from above. Closed the week below Y-1 and near week low.

Outlook
Up channel breakdown target tagged. Consolidation around B-1 likely as weekly and monthly breakout points to consolidation at prior resistance.

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