USDCAD Mar 30 to Apr 03 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation with 50% previous week range as expected. Pushed lower to retest Y-1 and failed to stay below. Bounced back up to take on Y-0. Closed the week below Y-1 and near week high.

Outlook
B-0 support will enable the weekly up trend to resume. Until then, more consolidation action to absorb the recent strong up move on weekly.

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