USDCAD Mar 04 to Mar 08 Outlook

Recap
The weaknesses in gold enabled US dollar gaining strength suddenly. After first part of the week spent in consolidation and potential top forming, the collapse in gold triggered a short squeeze in the pair. Closed the week above Y+1 and below midpoint.

Outlook
Just like Aussie, gold is going to dictate the move in this pair too. If gold really breaks down, it can push this up to 1.08 easily.

Whiplash potential. Meaning that both B-2 and B+2 could be tagged this week.