Trading Edges That Last
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USDCAD Apr 22 to Apr 26 Outlook
Lawrence’s Comment
Rallied right off the start clearing Y-0 and Y+1 in one go. That opened the door to Y+2. Got Y+2 mid week. Drifting sideway since. Closed the week below Y+2 and above midpoint.
Outlook
Double rejection from past 3 weeks with eventual breakout to the upside points to more upside. Looking for B+2 and B+3 in coming weeks as long as B-0 acts as support.
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