USDCAD Aug 13 to Aug 17 Outlook

By News Robot

Lawrence’s Comment

Recap
Par level failed to hold induced a slide down to 0.99. Closed the week at the low below Y-2.

Outlook
Failing to hold par level means 0.98 in play as mentioned last week. So as long as B+1 acting as resistance long term bottom is not in place.

Will be interested in how Loonie reacts at the 0.98 level.

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