Recap Consolidation with low volume all week. Trapped within previous week range. Closed the week near Y-0 and midpoint.
Outlook Consolidation / compression until first week of next year is likely as long as there is no news shock affecting global markets. If we get news shock, expect either B+3 or B-3 will be tagged quickly.
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USDCAD Dec 07 to Dec 11 Outlook
Lawrence’s Comment
Consolidation with low volume all week. Trapped within previous week range. Closed the week near Y-0 and midpoint.
Outlook
Consolidation / compression until first week of next year is likely as long as there is no news shock affecting global markets. If we get news shock, expect either B+3 or B-3 will be tagged quickly.
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