USDCAD Sep 26 to Sep 30 Outlook

By News Robot

Lawrence’s Comment

Recap
Stated to stay away from this pair (swing trade) last week due to potential Fed announcement impact. From an outside down week, the news shock reversed the bearish setting and rallied to complete a 200% absolute range expansion before taking a pause.

Outlook
Major breakout above 1.00. As long as B-0 acts as support, higher price level is likely.

A quick jump above B+1 tagging Y+4 and snap back down below can trigger a selloff to B-0 downto Y+1.

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