USDCAD Apr 18 to Apr 22 Outlook

By News Robot


Lawrence’s Comment

Recap
As mentioned last week, a bounce from Y-1 was expected but it failed to tag Y+1. Closed the week below midpoint and Y-0.

Outlook
B-2 is next downside target.
The less likely scenario is a slow grind selloff to B-1 with a quick rally from there taking out B-0. If that happens, the down trend is broken.

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