Recap As expected, once 0.98 was breached, there is no real support until we see 0.96 handle. After 100% absolute range expansion, the pair bounced off near Y-3. Closed the week at B-0 near Y-2.
Outlook Until B+1 turns into support, this pair is locked in down trend.
Lawrence's Comment
Recap
Ninja cleared Y+1 decisively giving us a run to Y+3 target. Ninja did not stop until Y+4 is tagged. Consolidation above Y+3 failed to hold up. Spike and ledge ...
Lawrence's Comment
Recap
Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and ...
USDCAD Sep 17 to Sep 21 Outlook
Lawrence’s Comment
As expected, once 0.98 was breached, there is no real support until we see 0.96 handle. After 100% absolute range expansion, the pair bounced off near Y-3. Closed the week at B-0 near Y-2.
Outlook
Until B+1 turns into support, this pair is locked in down trend.
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