Recap Y-1 breached early in the week points to a drop to Y-2 and below in the making. Sold off until Y-2 / 1.20 round number level attracted buyers. Bounced back up since. Closed the week above Y-1 and near week high.
Outlook Strong support at Y-1 / B-0 with B+2 in play in coming weeks.
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Lawrence's Comment
Recap
Formed a bottom early in the week and rallied above Y+1 as expected. Did not quite reach the upside target. Closed the week above Y+1 and at the ...
USDCAD May 04 to May 08 Outlook
Lawrence’s Comment
Y-1 breached early in the week points to a drop to Y-2 and below in the making. Sold off until Y-2 / 1.20 round number level attracted buyers. Bounced back up since. Closed the week above Y-1 and near week high.
Outlook
Strong support at Y-1 / B-0 with B+2 in play in coming weeks.
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