Recap Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint.
Outlook 1.08 to 1.10 was the long standing rate between USD and Loonie. As long as B+1 acting as resistance, it is likely to consolidate in this zone.
Lawrence's Comment
Recap
Y-0 support sent NQ higher to test Y+1. Failed to clear it and dropped back down to normal target of Y-1. Got Y-1 and consolidated since. Closed the week ...
Lawrence's Comment
Recap
With the backdrop of government intervention, dollar yen is showing the strongest persistencies in its uptrend. After the shock sending the pair down to Y-0, it bounced off ...
USDCAD Jan 20 to Jan 24 Outlook
Lawrence’s Comment
Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint.
Outlook
1.08 to 1.10 was the long standing rate between USD and Loonie. As long as B+1 acting as resistance, it is likely to consolidate in this zone.
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