USDCAD Week of Nov 29th to Dec 3rd Outlook

By Lawrence

Recap of last week

Did not mention USDCAD in past few weeks because it is in a tight range consolidation. Not much actions with this pair until the end of the week, where it bounced back up to close above previous quarter close.


Next week outlook

A breakout to the upside from the yellow zone as a mini launch pad, will take USDCAD back up to 1.055 (green zone).

A selloff from yellow zone implies monthly downside expansion in full force where the red zone is the first target.


  • You must be logged in to comment. Log in