USDCAD Jun 29 to Jul 03 Outlook

Recap
As explained last week, short term low should be in place and it worked out nicely. Y-0 support sent this up to Y+1 and pushed up again but failed to hold above Y+1. Closed the week above Y-0 and near midpoint.

Outlook
3 pushes up pattern suggests consolidation with a retest of B-1 in play. As long as B-1 holds, the short term bottom is intact.