Recap Bounced off 1.00 par level on first test as expected. Yet, once the precious metals started to rally, US dollar is crushed. Closed the week below 1.00 and near the low of the week.
Outlook As long as par level acts as resistance, the lower support price zone of Y-3 will be tagged.
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Lawrence's Comment
Recap
Nasdaq is the week one out of the 3 indices this past week. As pointed out last week, NQ has strong resistance at Y-0. Thus after tagging that, ...
USDCAD Oct 31 to Nov 04 Outlook
Lawrence’s Comment
Bounced off 1.00 par level on first test as expected. Yet, once the precious metals started to rally, US dollar is crushed. Closed the week below 1.00 and near the low of the week.
Outlook
As long as par level acts as resistance, the lower support price zone of Y-3 will be tagged.
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