Recap Test of daily level support as expected. Round turn reversal from Y-3 sent this back up to crime scene near Y-0. Closed the week below Y-0 and near week high.
Outlook Strong support below Y-1 / B-0 until proven otherwise. More upside in store for coming weeks.
Lawrence's Comment
Recap
Strength in gold helping to push this pair lower. Resistance at 1.08 was not even challenged. Y-1 resistance gave way to Y-2 target. Closed the week below Y-2 and ...
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USDCAD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Test of daily level support as expected. Round turn reversal from Y-3 sent this back up to crime scene near Y-0. Closed the week below Y-0 and near week high.
Outlook
Strong support below Y-1 / B-0 until proven otherwise. More upside in store for coming weeks.
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