Recap Tested one side of the tight range (bottom) and failed to go lower. Then tagged the other side of the tight range (top) and failed to go higher. Closed at Y+2.
Outlook Still stuck within the multiple week tight range. No real direction until it moves away from this area.
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Lawrence's Comment
Recap
As expected the pair tagged Y+2 first. Then wild swing in gold price dropped the pair lower. Closed the week between Y+2 to Y+3.
Outlook
Continuation rally to B+2 is ...
USDCAD Mar 26 to Mar 30 Outlook
Lawrence’s Comment
Tested one side of the tight range (bottom) and failed to go lower. Then tagged the other side of the tight range (top) and failed to go higher. Closed at Y+2.
Outlook
Still stuck within the multiple week tight range. No real direction until it moves away from this area.
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