USDCAD Aug 20 to Aug 24 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected Y-1 failed to hold as support and another new low was made last week. Closed the week below Y-1 and midpoint.

Outlook
Weaknesses persisted but range has tightened. Love to see a violent breakout to the upside to end this down channel drifting actions.

Until I have more evidence that a low is in place, expect the weaknesses to continue.

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