Recap Consolidation and wild swings under Y-0 as expected. Closed the week above Y-1 and near week low.
Outlook Inside week consolidation suggests retest of Y-1 very likely. The critical price to watch for is Y-1 / B-2 area where a spring can induce fast rally back to B+2 easily.
USDCAD Jul 22 to Jul 26 Outlook
Lawrence’s Comment
Consolidation and wild swings under Y-0 as expected. Closed the week above Y-1 and near week low.
Outlook
Inside week consolidation suggests retest of Y-1 very likely. The critical price to watch for is Y-1 / B-2 area where a spring can induce fast rally back to B+2 easily.
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