USDCAD May 04 to May 08 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-1 breached early in the week points to a drop to Y-2 and below in the making. Sold off until Y-2 / 1.20 round number level attracted buyers. Bounced back up since. Closed the week above Y-1 and near week high.

Outlook
Strong support at Y-1 / B-0 with B+2 in play in coming weeks.

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