USDCAD Nov 10 to Nov 14 Outlook

By News Robot

Lawrence’s Comment

Recap
Bullish bias for Y+1 retest turns into continuation run up to Y+2. 100% abolute range expansion stopped the run. Closed the week near Y+1 and below midpoint.

Outlook
The turnaround was mainly driven by strength in gold. B-1 / Y+1 zone strong support. Until that is broken we have to assume a renewal of the up trend on daily is in the making.

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