USDCAD Oct 07 to Oct 11 Outlook

By News Robot

Lawrence’s Comment

Recap
A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week closed below Y-0 and midpoint.

Outlook
A 1-2-3 sell in place on 4 hour with B-0 resistance. Likely to tag Y-1 easily. B-2 should also be tagged but more downside will be difficult because of the decisive rejection of 1.025 back in September.

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