Recap Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week near Y+2 and above midpoint.
Outlook Consolidation above B-0 / Y+1 will be bullish for a retest of B+1.
Lawrence's Comment
Recap
Y-0 did not hold Aussie down. Gold surged in beginning of the week. Good enough excuses to pop Aussie to Y+2. After tagging Y+2 normal upside target, ...
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USDCAD Jan 21 to Jan 25 Outlook
Lawrence’s Comment
Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week near Y+2 and above midpoint.
Outlook
Consolidation above B-0 / Y+1 will be bullish for a retest of B+1.
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