Recap This was the easy one last week. No heat was taken positioning for the drop to Y-3 as mentioned last week. Target tagged. Closed the week below Y-2 and midpoint.
Outlook Wide range week points to consolidation and wild swings under B-0. As long as Loonie stays below Y-1 / B-0, a retest of B-1 is likely.
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Lawrence's Comment
Recap
ES tagged Y-0 first before moving lower. That helped ES in finding support above the open gap below. FBO against Y-1 gave us a run back up to week ...
USDCAD Jul 15 to Jul 19 Outlook
Lawrence’s Comment
This was the easy one last week. No heat was taken positioning for the drop to Y-3 as mentioned last week. Target tagged. Closed the week below Y-2 and midpoint.
Outlook
Wide range week points to consolidation and wild swings under B-0. As long as Loonie stays below Y-1 / B-0, a retest of B-1 is likely.
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