USDCAD Mar 12 to Mar 16 Outlook

By News Robot

Lawrence’s Comment

Recap
Rally all the way back to original resistance underneath Y+1. 1-2-3 sell off from there back to almost Y-1. Closed the week between Y-0 and Y-1.

Outlook
Inside week. Decidedly rejected 1.00. A triangle has formed on 4 hour thus the pair is now in breakout mode.

For next week, breakout should points to either B+2 (upside) or B-2 (downside).

Not interested in playing this pair if it stays inside the triangle.

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