USDCAD May 26 to May 30 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-1 acted as support and forced a run back up to Y+1. Strong reaction there gave us a drop back down. Closed the week below Y-0 and midpoint.

Outlook
Outside week, midpoints near each other but closed within the bottom of the range – indecision with bearish bias.

Again, as long as Y-0 / B-0 acting as resistance, looking for Y-2.

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