USDCAD Mar 11 to Mar 15 Outlook

By News Robot

Lawrence’s Comment

Recap
Tight range consolidation near Y-0 first half of the week. Then the whiplash mentioned last week came. First a push towards Y+1 and failed. Then collapsed at the end of the week to near Y-1 and quickly bounced back up. Closed the week near midpoint and Y-0.

Outlook
Inside week. Y-0 near B-0. Signs of equilibrium. A strong breakout is in the making. Due to the fact that the tight range came from an up swing, breakout upside has better chance to succeed.

Share

  • You must be logged in to comment. Log in