
Lawrence’s Comment
Recap As expected, Y-0 was tagged after multiple attempts to break below Y-1 and failed. Closed the week near midpoint.
Outlook
Loonie likely trapped between B+1 down to B-1 over the coming 2 weeks as major players winding down before the holidays.
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USDCAD Dec 12 to Dec 16 Outlook
Lawrence’s Comment
As expected, Y-0 was tagged after multiple attempts to break below Y-1 and failed. Closed the week near midpoint.
Outlook
Loonie likely trapped between B+1 down to B-1 over the coming 2 weeks as major players winding down before the holidays.
Share