USDCAD Jul 27 to Jul 31 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation around previous week close / Y+1 as expected. 50% range. Closed the week above Y+1 and midpoint.

Outlook
Consolidation around Y+1 is bullish. Up channel like behaviour at multiple year high implies bulls are in control. Until the up trend line support from the past several weeks is broken, the up drift can continue until more stops above are discovered.

Share

  • You must be logged in to comment. Log in