Recap Consolidation around the yearly breakout level. Closed the week below Y-0 and near week low.
Outlook Inside week points to breakout mode. Longer term support at 1.28 and slightly below is measured move target and can lead to a slingshot rally from there if no renewed selling down there.
Lawrence's Comment
Recap
NQ did not zoom higher and failed to clear Y+1. That opened the door to retest of Y-0 and we got that from a fierce gap down. NQ bounced ...
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USDCAD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Consolidation around the yearly breakout level. Closed the week below Y-0 and near week low.
Outlook
Inside week points to breakout mode. Longer term support at 1.28 and slightly below is measured move target and can lead to a slingshot rally from there if no renewed selling down there.
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