Recap Y-0 resistance with a drop to Y-1 worked out perfectly. The spike low below Y-1 forced a run back up to the crime scene where the drop started. Closed the week above Y-1 and midpoint.
Outlook Short term low in place as long as Y-1 is acting as support with B+1 and above in play.
Lawrence's Comment
Recap
Downside target mentioned last week tagged and led to a weak bounce. Consolidation around Y-1 since and eventually Y-1 turned into resistance. Closed the week below Y-1 and near ...
Lawrence's Comment
Recap
News shock moved the pair wildly and that led to G7 intervention. Closed the week below Y-2.
Outlook
There are still too many variables affecting the short term (hourly) volatility. ...
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USDCAD Jun 22 to Jun 26 Outlook
Lawrence’s Comment
Y-0 resistance with a drop to Y-1 worked out perfectly. The spike low below Y-1 forced a run back up to the crime scene where the drop started. Closed the week above Y-1 and midpoint.
Outlook
Short term low in place as long as Y-1 is acting as support with B+1 and above in play.
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