USDCAD Feb 22 to Feb 26 Outlook

By News Robot

Lawrence’s Comment

Recap
Initial break of Y-1 resulted in strong reaction and sent this back up to Y-0. Y-0 resistance confirmed and dropped this down to Y-2. Support found and drifted back up to Y-1. Closed the week below Y-1 and near midpoint.

Outlook
Consolidation actions with range trapped between weekly support and daily resistance. More consolidation actions until weekly pullback is done.

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