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Lawrence's Comment Recap Aussie found resistance from Y+1 resistance zone and stalled back down to near the crime scene below. Closed the week below Y-0 and midpoint. Outlook Y-0 / B-0 confirmed resistance with ...READ MORELawrence's Comment Recap Test of Y+1 failed, giving us Y-1 downside target. Reacted to Y-0 but failed to go higher. Y-1 downside target tagged by the end of the week. Closed the ...READ MOREAUDUSD Mar 28 to Apr 01 OutlookIntraday Cycle Projection (USDCAD) 2017-10-12Dow 30 Apr 16 to Apr 20 OutlookWeekly Cycle Projection (USDCAD) 2023-05-023DP Odds Table (USDCAD) 2011-08-17GBPUSD Dec 16 to Dec 20 Outlook3DP Odds Table (USDCAD) 2013-03-21USDJPY Dec 20 to Dec 24 OutlookWeekly Cycle Projection (USDCAD) 2015-04-203DP Odds Table (USDCAD) 2012-03-16
As Featured In
USDCAD Sep 19 to Sep 23 Outlook
Lawrence’s Comment
Y-0 acted as support on first test but failed to hold up loonie afterwards, that opened the door to tag Y-1 and Y-2. Closed the week near Y-2.
Outlook
The strong reversal of loonie is a direct result of the news shocks from ECB and Fed.
As Fed scheduled special 2-day meeting this week and that ECB has been actively messing around with the FX markets using news shocks and such. It is a good idea to stay away from pairs like Loonie that are most likely to be impacted by their actions.
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