USDCAD Sep 03 to Sep 07 Outlook

By News Robot

Lawrence’s Comment

Recap
Inside week. Y-1 tested and bounced off. Rallied to almost Y+1 and stalled. Closed the week near Y-1.

Outlook
End of week selloff was driven by news. US dollar is sitting at a critical price point across all majors. If it gives in, there is no real support against Loonie until the 0.96 level.

To break the down trend, we need to see B+1 taken out first.

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