USDCAD Nov 21 to Nov 25 Outlook

By News Robot

Lawrence’s Comment

Recap
Trapped within Y-1 to Y+1 as expected. Nothing much can be done while loonie is stuck in a tight range. Closed the week at Y+1.

Outlook
Loonie looks like it wanted to break out above Y+1 but it stucks there. If it slides a tad more to the down side, it will drop quickly back down to Y-1. That is the nature of congestion.

Wait for clean breakout from this week’s range for a good run.

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