USDCAD Jun 20 to Jun 24 Outlook
Double top setup to break Y-0 early in the week. 100% absolute range expansion to the downside and stopped right there. Snapped back above Y-0 and turning that into support. Y+2 target eventually tagged but sold off back down to Y-0.
Used up 200% range of prior week and still cannot close outside of B+1 and B-1.
Bullish scenario is that B-0 acts as support early in the week and send the pair to B+1 again.
Consolidation scenario will find support at Y-1 and resistance at Y+1.