USDCAD Mar 10 to Mar 14 Outlook

By News Robot

Lawrence’s Comment

Recap
Another easy play last week. Y-0 acted as resistance giving us the Y-2 target as expected. Buying showed up, surprised the sell side and squeezed higher. Closed the week below Y-0 and above midpoint.

Outlook
As long as B-0 acting as support the potential to retest the spike high near B+2 is in play.

The 2nd reject of 1.10 points has longer term implications. This can be the start of long term weaknesses in Loonie.

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