USDCAD Oct 22 to Oct 26 Outlook

Recap
The funniest pair last week. Got the upside breakout above Y+1 which invalidated the bearish potential. Then above turn back down to almost Y-1, even printed a slight lower low against the beginning of the week, to shake out all the weak longs, and then zoom up all the way on the news shock. Closed the week above Y+3 and at the week high.

Outlook
Successfully broken out of the multiple week tight range. An uptrend is now defined. As long as B-0 down to Y+1 can act as support there is no reason why this cannot go a lot higher.