USDCAD Mar 31 to Apr 04 Outlook

By News Robot

Lawrence’s Comment

Recap
Pullback to Y-0 turns into all out collapse. Could not stop until 100% range expansion. Closed the week above Y-1 and below midpoint.

Outlook
US mid-week data together with development of tension between US and Russia is not good for US dollar relative to the metal currencies.

Y-0 / B-0 zone now strong resistance. Expect consolidation actions with reduced range.

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