USDCAD Dec 09 to Dec 13 Outlook

By News Robot

Lawrence’s Comment

Recap
Went higher and tagged 1.07 round number and stalled. Consolidation since. Closed the week near Y+1 and below midpoint.

Outlook
Similar to Aussie, affected by gold’s multiple attempts to find a bottom, Loonie not stable at the current level.

B-1 must hold for the pair to go higher.

Once B-1 is breached, B-2 and below will be in play. That is likely to be triggered by a rally in gold.

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