USDCAD Dec 10 to Dec 14 Outlook

Recap
Waiting mode in the beginning of the week for Bank of Canada rate decision. The announcement induces the pair to break below its tight range and eventually led to the breakdown to Y-2 before we got a bounce. Closed the week near week low and below Y-1.

Outlook
Once again US dollar failed to gain its foot hold against Loonie. Down side support is right here at B-1 / Y-2. If the pair is going higher, we need to see this price level hold for a quick pop above B-0. It will then signal a run to B+2 or par.

Without the setup in place, we are looking at slow drift consolidation here between 0.99 and 0.98 til the holiday season is over.