USDCAD Feb 20 to Feb 24 Outlook

By News Robot

Lawrence’s Comment

Recap
A minor data problem affected the chart. Week high was 1.05 area which was a challenge of the resistance zone and failed. Closed the week below Y-0 and midpoint.

Outlook
As mentioned last week that even if USD is strengthening, it will take time before it can rally off this support area. The struggle obviously is still going on.

Still looking for a base to form in this area but not much expectation for good moves yet.

Share

  • You must be logged in to comment. Log in