USDCAD Mar 09 to Mar 13 Outlook

Recap
2-way play as expected. Y-0 resistance sent price down to near Y-1 and took off from there back up to equal distance from previous week close. Closed the week above Y-0 and near week high.

Outlook
The base building process has created a strong support zone below 1.25 making it more likely to force an upside breakout from here. The prize for the longs is getting beyond 1.28 to see if massive squeeze can be induced.