USDCAD Feb 10 to Feb 14 Outlook

Recap
Another easy play for the week. Dropped to Y-1 as expected. consolidated between Y-0 and Y-1. Dropped further down to 100% expansion of the consolidation. Closed the week near Y-1 and below midpoint.

Outlook
Not quite a selloff we have last week. More like stop discovery. Potential down channel in place.

Until down channel is broken, price should be trapped inside and follow the formation drifting lower.