USDCAD Aug 08 to Aug 12 Outlook

By News Robot

Lawrence’s Comment

Recap
Did not retest Y-1. Instead, holding at Y-0 and breakout of Y+1, triggering the target of Y+3. Closed the week above Y+3.

Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.

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