USDCAD Mar 21 to Mar 25 Outlook

By News Robot

Lawrence’s Comment

Upside breakout in the classic 1-2-3 setup, 200% upside expansion target (Y+3) tagged quickly and pulled back to Y+1 as support. Bounced between Y+3 and Y+1 since. Closed the week above B-0 midpoint.

The violent up swing has broken the daily level downtrend. If the pair develops a higher low within the B-1 to B-0 zone, B+1 will be taken out in a few weeks time.


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