USDCAD Dec 03 to Dec 07 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected the flush from the week prior to last did not produce more down side extension. Consolidated around Y-1 and Y-0. Closed the week above midpoint and above Y-1.

Outlook
The wild swing in gold and cruel should have pressured Loonie. Yet, we have not seen US dollar gaining strength over it.

A clean breakout above B+1 will give us a swing long to 1st target of B+3 and higher.

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