Recap Not even tagging 1.05 and stalled right off previous week high. Dropped down to Y-1 and bounced back to Y-0. Closed the week below midpoint.
Outlook Pullback as expected. The big question for this week is whether a swing low can be produced early in the week. If Y-1 / B-1 acting as support, the next wave to push this pair up can go a lot higher.
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USDCAD Jun 11 to Jun 15 Outlook
Lawrence’s Comment
Not even tagging 1.05 and stalled right off previous week high. Dropped down to Y-1 and bounced back to Y-0. Closed the week below midpoint.
Outlook
Pullback as expected. The big question for this week is whether a swing low can be produced early in the week. If Y-1 / B-1 acting as support, the next wave to push this pair up can go a lot higher.
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