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.
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Lawrence's Comment
Recap
Similar to prior weeks, the initial weaknesses from the gap down on monday resulted in quick rejection to even tagging Y-1. That set the stage to break ...
Lawrence's Comment
Recap
Easy play of the week. Broke Y-1 and then flush to Y-3 target as expected. Closed the week above Y-3 and below midpoint.
Outlook
1.35 has been long term support for ...
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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