USDCAD Dec 14 to Dec 18 Outlook

By News Robot

Lawrence’s Comment

Recap
Upside breakout got Y+3 target quickly. Y+3 turned into support and sent this higher. Stop run took over and cleared 1.37. Closed the week above Y+5 and at week high.

Outlook
350 pips run in Canadian dollar is very rare. Long term bullish view worked out beautifully. More upside is in store with consolidation likely this week. Pullback to Y+5 is normal.

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