USDCAD Oct 27 to Oct 31 Outlook

By News Robot

Lawrence’s Comment

Recap
Hands off recommendation was spot on. Consolidation in tight range between Y-0 and Y-1. Closed the week below Y-0 and near midpoint.

Outlook
Inside week tight range and close near midpoint is indecision. Breakout mode in effect. Levelling off Y-1, however, gives the long side a slight edge over the short side in case of breakout.

Upside breakout of B+1 points to Y+1 and above. Downside breakout below Y-1 points to B-2 and below.

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