USDCAD Oct 01 to Oct 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidated around Y+1. Mildly bullish as expected. Closed the week above Y+1 and midpoint.

Outlook
Need the pair to tag B+2 soon and holding above 0.98 to stay bullish.

On 4 hour it is clear that we have an upchannel / bear flag formation in place so far. If the channel support is broken, B-2 (0.97) will be retested.

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