USDCAD Jul 06 to Jul 10 Outlook

By News Robot

Lawrence’s Comment

Recap
Held Y-0 instead of testing Y-1. Directly go for upside breakout gave us the Y+3 target. Y+3 tagged and pullback since. Closed the week above Y+2 and midpoint.

Outlook
The upside breakout is in line with the weekly up trend. This suggests much higher price level is now possible as long as this 1.23 to 1.25 zone acting as support.

This week consolidation likely after the wide range week.

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