USDCAD May 07 to May 11 Outlook

By News Robot

Lawrence’s Comment

Recap
Bounced to Y-0. Held above Y-1. And jumped back up to almost Y+1 by end of week as expected.

Outlook
A short term bottom is likely in place. It is important that B-1 stays as support and not breached from here.

Quick zoom to B+2 will help secure the bottom and lift the support zone to B-0.

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