USDCAD Oct 21 to Oct 25 Outlook

Recap
Confirmed FBO on Monday gave us the bias for a move down to Y-1. Sold off from a lower high against Y+1 and dropped down to Y-1 smoothly as expected. Closed the week below Y-1 and below midpoint.

Outlook
Easy setup does not happen every week. Loonie back to its previous consolidation zone thus price will no longer move quickly. As long as B-0 acting as resistance, more downside is expected.