Recap Y-0 acted as resistance at the start of the week but could not hold the price down on the 2nd try. Price zoomed up but stalled at the same distance like week low from Y-1. That staged a consolidation for the rest of the week. Closed the below Y-0 and midpoint.
Outlook Inside week with gap not filled below. Very rare for this pair. Breakout mode in place with slight favour to the downside.
Lawrence's Comment
Recap
Got the FBO against Y+1 mentioned last week. Tagged Y-3 as expected. The easiest play last week. Closed the week near week low and above Y-3.
Outlook
As long as B-0 ...
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Lawrence's Comment
Recap
Gap zone tested and failed to fill the gap. Price breakdown to Y-2. Bounced back to Y-1. Then 100% absolute range expansion to the downside stopped the drop. ...
USDCAD Mar 25 to Mar 29 Outlook
Lawrence’s Comment
Y-0 acted as resistance at the start of the week but could not hold the price down on the 2nd try. Price zoomed up but stalled at the same distance like week low from Y-1. That staged a consolidation for the rest of the week. Closed the below Y-0 and midpoint.
Outlook
Inside week with gap not filled below. Very rare for this pair. Breakout mode in place with slight favour to the downside.
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