Recap Consolidation week around Y+1. 50% previous week range. Closed the week near week low and below Y+1.
Outlook Consolidation ended in a weak tone points to potential flush down to B-2 / Y-0 area. Holding that will give this a platform to go higher to retest B+1.
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Lawrence's Comment
Recap
Pusher higher in the beginning of the week to fill the gap above but failed. News hit the wire before it was done. Euro collapsed back down to Y-2 ...
USDCAD Nov 04 to Nov 08 Outlook
Lawrence’s Comment
Consolidation week around Y+1. 50% previous week range. Closed the week near week low and below Y+1.
Outlook
Consolidation ended in a weak tone points to potential flush down to B-2 / Y-0 area. Holding that will give this a platform to go higher to retest B+1.
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