USDCAD Jun 01 to Jun 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Upside push continue until retest of the crime scene (above Y+2) where the breakdown happened back in April. Closed the week above Y+1 and midpoint.

Outlook
Weekly up trend clearly wants to push higher but it may take multiple attempts to clear this resistance zone. This will translate to more complex swings on daily and intraday.

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