Recap Reduced range drifting. Closed above Y+1 and midpoint.
Outlook As mentioned last week, a potential long term bottom in the making. The up drift last week is giving this pair more room and a strong support down at Y-0 / B-1.
A slow drift back down to B-1 will be very strong setup to swing higher in coming weeks.
USDCAD Apr 21 to Apr 25 Outlook
Lawrence’s Comment
Reduced range drifting. Closed above Y+1 and midpoint.
Outlook
As mentioned last week, a potential long term bottom in the making. The up drift last week is giving this pair more room and a strong support down at Y-0 / B-1.
A slow drift back down to B-1 will be very strong setup to swing higher in coming weeks.
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