Lawrence's Comment
Recap
As expected, Y-0 resistance with a test of Y-1 after flat line action in the beginning of the week. Closed the week near Y-1 and week low.
Outlook
Weekly ...
Lawrence's Comment
Recap
Aussie found support at Y-1 and bounced towards Y-0. Y-0 very strong resistance as explained last week which forced Aussie to retest Y-1. Y-1 spike reversal against Y-1 and ...
Lawrence's Comment
Recap
Consolidation around B+1 at 50% range as expected. A necessary pause for the wild moves over the past few weeks. Closed the week below Y+1 and near midpoint.
Outlook
Difficult week ...
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USDCAD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Consolidation around previous week close. Trapped between Y+1 and Y-0. Closed the week near Y-0 and B-1.
Outlook
Still trapped within the same range over the past several weeks. Until break out of this range, there is no trend to lean on.
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