Recap Target mentioned last week tagged first and then bounced off. Second drop broken Y-1 support level and the downside target Y-2 tagged by the end of the week.
Outlook Three pushes towards support level implies the current down leg is over. As long as B-1 acts as support, B+1 will like be tagged.
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Lawrence's Comment
Recap
Cable reacted strongly to the resistance zone mentioned last week and dropped lower since. Closed the week below Y-0 and at week low.
Outlook
Inside week down close. Bearish ...
Lawrence's Comment
Recap
Very nice rally off the support zone mentioned last week. Rally until 100% absolute range expansion completed. Y+2 rejected leading to a drop back down to Y+1. Closed the ...
Lawrence's Comment
Recap
Unfolded exactly as mentioned last week - tried to rally and stalled at Y-0. Eventually closed the week at Y-1.
Outlook
More weaknesses is expected. A test of B-2 ...
USDCAD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Target mentioned last week tagged first and then bounced off. Second drop broken Y-1 support level and the downside target Y-2 tagged by the end of the week.
Outlook
Three pushes towards support level implies the current down leg is over. As long as B-1 acts as support, B+1 will like be tagged.
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