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.
Lawrence's Comment
Recap
Similar jawboning and again 1.35 defended in an ugly fashion. Surprise jump higher squeezed euro above Y-0 by the end of the week. Closed the week above Y-0 and ...
Lawrence's Comment
Recap
Got upside breakout yet stopped in the middle of the move. 2nd try to push higher failed to clear the week high. Once Y+1 was breached, stops were raided ...
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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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