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.
Lawrence's Comment
Recap
No test of either extreme in the beginning of the week, so the consolidation play of drifting around Y-0 kicked in. Then Fed chair Mrs Yellen changed the game. ...
Lawrence's Comment
Recap
Pullback to Y-2 support zone as expected. Ninja rallied since to tag Y+1. Strong reaction at Y+1 zone bought ninja back down. Closed the week below Y-0 and near ...
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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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