USDCAD Feb 25 to Mar 01 Outlook

Recap
As expected, the pair moved above Y+1 quickly. The nice surprise was that the strength of the run not only carry the pair higher to Y+3 (normal breakout target) but also to the melt up price Y+5. Closed the week above Y+3 and midpoint.

Outlook
End of week showed signs of exhaustion. Likely consolidation below B+1 and above Y+2. As gold is showing signs of swing bottom forming, can cap the strength in this pair for a while.