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As Featured In
USDCAD Dec 30 to Jan 03 Outlook
Lawrence’s Comment
Weaken early in the week but Y-1 was never tested. Consolidated below Y-0 during the quiet holidays. Then a low volume short squeeze / stop run took Loonie conveniently up to 1.07 zone again. Closed the week above Y-0 and near week high.
Outlook
Inside week. Y-0 and B-0 near each other. All implies indecision. Breakout play points to a run to either B+3 or B-3 after new year. Reaction at B+1 and B-1 will tell how many people are trapped within the current range.
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