USDCAD Jun 04 to Jun 08 OutlookBy on 2012 Jun 2 Sat 7:05:37
Gap down and consolidated around B-0. Then zoomed higher as expected. Another easy play last week. Closed the week above Y+2.
The target of Y+3 should be reached early next week. Strong support at B-0 if it chooses to consolidate.
1.05 historically often act as resistance on quick runups. So early next week tagging 1.05 with no pullback first means potential sell setup will be formed right there.