Recap Longer term upside target of 1.40 tagged. Trend buy all week as shorter term players forced to deal with volatility they never experienced in the past few years. Closed the week near Y+2 and above midpoint.
Outlook More upside is in store. FBO againt B+1 will give us a pullback to B-0 / Y+1.
Lawrence's Comment
Recap
False breakout to the upside first. Confirmed failure points to selloff to original tight range bottom at around Y-2. Downside breakout of the tight range after tagging Y-2. ...
USDCAD Dec 21 to Dec 25 Outlook
Lawrence’s Comment
Longer term upside target of 1.40 tagged. Trend buy all week as shorter term players forced to deal with volatility they never experienced in the past few years. Closed the week near Y+2 and above midpoint.
Outlook
More upside is in store. FBO againt B+1 will give us a pullback to B-0 / Y+1.
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