Recap Early attempt to move higher blocked at the resistance zone leading to freefall back down to Y-1 and tagged the normal Y-2 continuation target. Closed the week below Y-2 and midpoint.
Outlook Surprise move points to a test of Y-1 / B-0 likely. Clearing that points to potential spike low on weekly in the making.
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Lawrence's Comment
Recap
Attempt to break above Y+1 failed and led to a test of Y-1. Support found above Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to ...
Lawrence's Comment
Recap
Target mentioned last week tagged first and then bounced off. Second drop broken Y-1 support level and the downside target Y-2 tagged by the end of the week.
Outlook
Three ...
USDCAD Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Early attempt to move higher blocked at the resistance zone leading to freefall back down to Y-1 and tagged the normal Y-2 continuation target. Closed the week below Y-2 and midpoint.
Outlook
Surprise move points to a test of Y-1 / B-0 likely. Clearing that points to potential spike low on weekly in the making.
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