Recap No trend as expected. Y-1 acted as support and gave us a drift up until 100% absolute range expansion was reached. Closed the week above Y-0 and midpoint.
Outlook Still trapped in the same weekly level tight range but daily 1-2-3 buy setup is in the making with breakout above Y+1 to confirm with target year high.
Lawrence's Comment
Recap
Gap up in the beginning of the week. Then consistent selling all the way down to Y-2 as expected. Cannot get any better than that. Once 100% ...
Lawrence's Comment
Recap
Congestion between Y-0 and Y+1 as expected.
Outlook
It is obvious that aussie is having difficulty in getting to Y+1. A turn down from B+1 implies a quick test ...
USDCAD Jul 11 to Jul 15 Outlook
Lawrence’s Comment
No trend as expected. Y-1 acted as support and gave us a drift up until 100% absolute range expansion was reached. Closed the week above Y-0 and midpoint.
Outlook
Still trapped in the same weekly level tight range but daily 1-2-3 buy setup is in the making with breakout above Y+1 to confirm with target year high.
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