USDCAD Dec 17 to Dec 21 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected this pair moved lower slowly towards 0.98. Found some support at Y-2. Closed the week at midpoint and above Y-2.

Outlook
Signs of support but too weak to be considered a bottom. A retest of B-1 and bounce above B-0 is necessary for the possibility of a stronger rally.

For now, consolidation below Y-1 and drifting towards B-2 or 0.98 continues.

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