USDCAD Sep 08 to Sep 12 Outlook

By News Robot

Lawrence’s Comment

Recap
Hit resistance mentioned last week, fall back down to near Y-1 support. Consolidated around previous week close as expected. Closed the week below Y-0 and near midpoint.

Outlook
Consolidation with close near midpoint is indecision. Y-1 was rejected decisively. This gives US dollar an advantage, pointing to retest of B+1 in play.

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