USDCAD Aug 18 to Aug 22 Outlook

By News Robot

Lawrence’s Comment

Recap
Easy play of the week. The pair simply rejected resistance and dropped to target. Closed the week below Y-1 and midpoint.

Outlook
Pullback in progress. Strong support between B-1 down to B-2 on weekly and higher timeframes. 1.08 is the magic support / resistance for years in the past. Once B-0 is cleared retest of Y+1 likely.

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