USDCAD Jul 25 to Jul 29 Outlook

By News Robot

Lawrence’s Comment

Recap
Previous week close acted as support gave us a clean run up to Y+1 and then 100% absolute range expansion. Closed the week near Y+1 and above midpoint.

Outlook
As noted several weeks ago, the weekly support underneath is strong and that it is more likely we see a push towards year high for a retest. If B-0 / Y+1 zone acting as support, a run towards 1.35 and above is likely.

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