USDCAD Sep 02 to Sep 06 Outlook

Recap
As expected, Loonie consolidated within the tight range mentioned last week. By end of week, after support was found, this pair drifted back up to near Y+1 before stalling. Closed the week above midpoint and Y-0.

Outlook
Inside week holding above Y-0 is bullish. A breakout above Y+1 points to range expansion to Y+2 or above B+3.

Should we see a FBO against B+1 / Y+1 with confirmation at B-0, a selloff back downto B-3 is likely.