Recap Consolidation around the yearly breakout level. Closed the week below Y-0 and near week low.
Outlook Inside week points to breakout mode. Longer term support at 1.28 and slightly below is measured move target and can lead to a slingshot rally from there if no renewed selling down there.
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Lawrence's Comment
Recap
Unlike the other 2 indices, NQ has been the weakest all week. Closed the week at midpoint.
Outlook
As long as Y-0 holds, NQ can go higher.
If Y-0 ...
USDCAD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Consolidation around the yearly breakout level. Closed the week below Y-0 and near week low.
Outlook
Inside week points to breakout mode. Longer term support at 1.28 and slightly below is measured move target and can lead to a slingshot rally from there if no renewed selling down there.
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