USDCAD Jan 09 to Jan 13 Outlook

By News Robot

Lawrence’s Comment

Recap
Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at the high.

Outlook
Potential strong reversal from the down trend is in place. Breaking above B+1 will lead to B+2 quickly. A pullback to B+0 with that acting as support, will lead to another test of B+1.

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