USDCAD Jul 01 to Jul 05 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected, Loonie consolidated around Y+1. Closed the week above Y+1 and midpoint.

Outlook
Bullish setup for US dollar to further strengthen against Loonie as consolidation ended with a close above Y+1 and midpoint. That means clearing B+1 will give us a run to B+3 easily. Not a good time to go against the trend until B-1 is breached.

Share

  • You must be logged in to comment. Log in