USDCAD Jun 20 to Jun 24 Outlook

By News Robot

Lawrence’s Comment

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.


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