USDCAD Aug 22 to Aug 26 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 down to Y-1 acted as support as expected but the rally failed to retest Y+1 as the second half of the week we got more news shocks messing around.

Outlook
Loonie is developing a spike and ledge. If B-1 is broken without any upside breakout or breach of B+1 at all, a selloff can take it down to Y-3.

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