USDCAD Nov 07 to Nov 11 Outlook

By News Robot

Lawrence’s Comment

Recap
Bounced off the close of previous week and zoomed up to Y+1 before it stalled. Y-0 acted as support and sending the pair back up to Y+1 again. Closed the week below Y+1.

Outlook
A breakout above B+1 with that turning into support will give us the confirmed continuation of this uptrend on daily.

Failure to do so, the pair will enter a consolidation phase where it will be trapped within 1.05 down to 0.99 for a long time.

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