Lawrence's Comment
Recap
More downside as expected with Y-0 acting as resistance. Cable pushed towards Y-3 target and held up at 1.28 round number. Closed the week near Y-2 and below midpoint.
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Lawrence's Comment
Recap
1-2-3 sell off Y+1 on 4 hour points to Y-0 in play. Y-0 failed to act as support, giving us Y-1 target below. Flush later in the week tagged ...
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USDCAD Dec 12 to Dec 16 Outlook
Lawrence’s Comment
As expected, Y-0 was tagged after multiple attempts to break below Y-1 and failed. Closed the week near midpoint.
Outlook
Loonie likely trapped between B+1 down to B-1 over the coming 2 weeks as major players winding down before the holidays.
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