USDCAD Jan 16 to Jan 20 Outlook

By News Robot

Lawrence’s Comment

Recap
Pulled back to Y-0 early in the week and started climbing back up. Closed the week below Y+1.

Outlook
Clearly the weekly price levels are not honoured last week. That points to market forces from higher timeframe is in control.

Retest of B+1 in play. Reaction at that price level will determine if this pair is entering a congestion phase.

Share

  • You must be logged in to comment. Log in