Recap A push towards Y+2 as expected. Failed on 3rd try resulting in a quick slide back down to Y-0. Closed the week near week low.
Outlook As long as B-0 acting as resistance, there should be more downside. B-2 is likely early next week. The goal could be simply forcing a flush towards par.
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Lawrence's Comment
Recap
Rushed higher to Y+2 by a gap. Then failed to push higher. Filled the gap from the beginning of the week and struggled to hold Monday low since. By ...
Lawrence's Comment
Recap
As expected NQ pushed into Y+1 / Y+2 zone. Very quiet option expiration week though. Closed the week above Y+1 and midpoint.
Outlook
Tight range levitation last week gives ...
USDCAD Jul 16 to Jul 20 Outlook
Lawrence’s Comment
A push towards Y+2 as expected. Failed on 3rd try resulting in a quick slide back down to Y-0. Closed the week near week low.
Outlook
As long as B-0 acting as resistance, there should be more downside. B-2 is likely early next week. The goal could be simply forcing a flush towards par.
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