Recap FBO against Y+1 gave us a drop back down to Y-0 and then lower. 100% range expansion stopped the down move. Closed the week near Y-0 and midpoint.
Outlook Same problem like past several weeks that Loonie is still range bounded. Until we get a move outside of this range, there is no directional play.
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Lawrence's Comment
Recap
Dow jumped back above Y-0 but failed to hold above it right after, leading to a clean drop back down to Y-1. Since then Dow drifted back up to ...
USDCAD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
FBO against Y+1 gave us a drop back down to Y-0 and then lower. 100% range expansion stopped the down move. Closed the week near Y-0 and midpoint.
Outlook
Same problem like past several weeks that Loonie is still range bounded. Until we get a move outside of this range, there is no directional play.
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