Recap 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.
Lawrence's Comment
Recap
No resistance at all from Y+1, as Aussie zoomed thru the price in 1 go. That put Y+3 in play. Ended up tagging Y+4 before it can ...
Lawrence's Comment
Recap
Tagging Y-2 in the beginning of the week confirmed our bearish view. Pullback failed to go above Y-1 leading to a push down to Y-3. Closed the ...
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Lawrence's Comment
Recap
No breakout of range. Just more consolidation. Closed the week an inside week close to Y+1.
Outlook
Need breakout of this tight range for a clear direction. No point to ...
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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