USDCAD Oct 17 to Oct 21 Outlook

By News Robot

Lawrence’s Comment

Recap
Once Y-1 was breached, down side range expansion started. Yet the selloff was not able to land at Y-2 target. Closed the week below Y-1.

Outlook
News shock after news shock, metal currencies are now affected by this worldwide financial chaos as bad as the directly involved countries.

If US dollar failed to defend the all important 1.00 par level with Loonie, a much stronger drop is expected.

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