Recap Upside push continue until retest of the crime scene (above Y+2) where the breakdown happened back in April. Closed the week above Y+1 and midpoint.
Outlook Weekly up trend clearly wants to push higher but it may take multiple attempts to clear this resistance zone. This will translate to more complex swings on daily and intraday.
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Lawrence's Comment
Recap
Pullback as expected but not the consolidation type. First move back down to Y-0 pierced thru decisively triggered the Y-1 target. Eventually price moved near Y-1 and bounced. Closed ...
USDCAD Jun 01 to Jun 05 Outlook
Lawrence’s Comment
Upside push continue until retest of the crime scene (above Y+2) where the breakdown happened back in April. Closed the week above Y+1 and midpoint.
Outlook
Weekly up trend clearly wants to push higher but it may take multiple attempts to clear this resistance zone. This will translate to more complex swings on daily and intraday.
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