USDCAD Feb 29 to Mar 04 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-1 support gave us test of Y-0 and above resistance. Failed to hold above Y-0 gave us retest of Y-1 and a break down to Y-2. Closed the week near Y-2 and week low.

Outlook
Stop hunt driven move does not last. Y-2 / Y-3 strong support on higher tiimeframes. Support zone holds a retest of Y-1/ B-0 from below is likely.

Share

  • You must be logged in to comment. Log in