USDCAD Week of Nov 29th to Dec 3rd Outlook
Recap of last week
Did not mention USDCAD in past few weeks because it is in a tight range consolidation. Not much actions with this pair until the end of the week, where it bounced back up to close above previous quarter close.
Next week outlook
A breakout to the upside from the yellow zone as a mini launch pad, will take USDCAD back up to 1.055 (green zone).
A selloff from yellow zone implies monthly downside expansion in full force where the red zone is the first target.