USDCAD Apr 29 to May 03 Outlook

Recap
Spent most part of the week above Y-0 and right below Y+1 but failed to make a push above Y+1. Then the pair simply dropped through Y-0 as if it is not there at all. No support from Y-0 points to Y-1 as target. Yet the target was not tagged either. Closed the week near week low and above Y-1.

Outlook
Inside week. No real direction established yet. Y-1 is the obvious target to tag but it may not happen because it may choose to move back to Y-0 / B-0 area again. Further compression of the range will make this a great breakout trade setup.