USDCAD Aug 01 to Aug 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Tried to hold above Y+1 but failed. Pullback to support zone and failed to clear Y+1 since led to another drop to Y-0 and below. Closed the week near Y-0 and week low.

Outlook
Rally off a thin up channel was not sustainable. Pullback down to same consolidation range over the past several weeks. Back to wait and see mode.

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