Recap Y-0 acted as support, gave us a go for more upside. Tried hard to push through Y+1 but ended up with 3 pushes pattern in place and snapped it back down. Closed the week below Y+1 and near midpoint.
Outlook 3 pushes up downside target still not tagged yet. As long as Y+1 can cap the upside push, should see B-1 and lower price levels.
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Lawrence's Comment
Recap
Tight range consolidation around Y-1. Closed the week above Y-1 and midpoint.
Outlook
Retest B+1. If successfully taken out B+1, then B+2 to Y-0 is the target.
Lawrence's Comment
Recap
Y-0 support early in the week gave us an up drift ended with 3 pushes up breakdown. Y-0 failed to hold this up and a run down to Y-1 ...
USDCAD Feb 03 to Feb 07 Outlook
Lawrence’s Comment
Y-0 acted as support, gave us a go for more upside. Tried hard to push through Y+1 but ended up with 3 pushes pattern in place and snapped it back down. Closed the week below Y+1 and near midpoint.
Outlook
3 pushes up downside target still not tagged yet. As long as Y+1 can cap the upside push, should see B-1 and lower price levels.
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