USDCAD Dec 16 to Dec 20 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 acted as resistance gave us a go for the downside target of Y-2. Got my target and Loonie reacted to the level. Strong bounce took Loonie back up to Y-0 again. Closed the week below Y-1 and midpoint.

Outlook
Loonie somehow detached its movement from gold partially. Someone clearly does not like Loonie to go below Y-2 based on the strong reaction there.

Holiday mode points to consolidation around B-0 likely for the coming 2 weeks.

Share

  • You must be logged in to comment. Log in