USDCAD Apr 04 to Apr 08 Outlook

By News Robot

Lawrence’s Comment

Previous week close acted as resistance early in the week. That is the strongest sign that a test of previous week low (Y-1) was in play. Once traded below Y-1, Y-3 was the next target and by end of the week, the pair dropped to the target zone.

Y-3 should be tagged early in the week and reaction there will determine the next move.

A w. spring action in the Y-3 to B-1 zone implies a run towards B-0.

A break of the same zone with that turning into resistance means a flush towards B-2.


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