USDCAD Jan 14 to Jan 18 Outlook

By News Robot

Lawrence’s Comment

Recap
This pair just stuck at a tight range all week. The break and flush near end of week did not produce a run as it bounced back up quickly above Y-1. Closed the week at midpoint and above Y-1.

Outlook
If B+1 is cleared quickly we have a swing bottom in place with closest target at B+3 / Y+1 area.

If B-0 to B+1 acting as resistance, looking for a flush to 0.96 area as stated last week.

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