USDCAD Sep 05 to Sep 09 Outlook

By News Robot

Lawrence’s Comment

Recap
Y+1 / previous week close acted as support and sent this higher until 100% absolute range expansion. Reaction to Y+2 dropped this back down to below Y-1.

Outlook
Daily level support starts at 1.295 with Y-2 stronger support on daily. If higher low is formed on weekly, there is a good chance of another rally on weekly basis going back up to year high.

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