USDCAD May 23 to May 27 Outlook

By News Robot


Lawrence’s Comment

Recap
Drifted higher early in the week. Pullback to B-0 and as expected the pair bounced off B-0 as support.

Outlook
B+1 and B+2 are the targets for the coming week.

A consolidation below B+1 for the coming week will create a potential bearish scenario that B-1 must hold as support, otherwise a quick selloff to B-3 will be in play.

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