Recap Easy trade of the week. Cleared resistance zone mentioned last week quickly. Tagged Y+3 target by end of week. Closed the week above Y+2 and midpoint.
Outlook Wide range week with strong close. Clearing B+1 likely. Consolidation around Monday range also likely.
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Lawrence's Comment
Recap
Consolidation actions within Y+1 and Y-0 as expected until FOMC announcement. Breakout to the upside and filled the open gap above. Closed the week above Y+1 and near week ...
USDCAD Aug 04 to Aug 08 Outlook
Lawrence’s Comment
Easy trade of the week. Cleared resistance zone mentioned last week quickly. Tagged Y+3 target by end of week. Closed the week above Y+2 and midpoint.
Outlook
Wide range week with strong close. Clearing B+1 likely. Consolidation around Monday range also likely.
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