USDCAD May 21 to May 25 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected the rally continues. Y-0 acted as support and forced a strong breakout to Y+3. Closed the week near week high.

Outlook
Short term bottom in place. Long bias until 1.08 is tagged.

Next week, however, is more likely to consolidate near B+1 with 50% range of previous week.

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