USDCAD May 27 to May 31 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation around Y+1 as expected. Since it is consolidation, both Y+2 and Y-0 were not tagged. Closed the week above Y+1 and midpoint.

Outlook
3rd week into this up drift formation along a support trendline. A break of B-0 early this week can lead to a pullback down to Y-0 and below. Not necessary a steep selloff. Prices do not stay in a structured formation for long so chaos in the making.

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