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Lawrence's Comment
Recap
Selloff accelerated to the down side with no signs of strength at Y-2 and Y-3. This led to another stop run down to Y-5. Spike reversal against Y-5 gave ...
Lawrence's Comment
Recap
Consolidation as expected in first half of the week. But then Dow and S&P started their battle of short elimination, taking NQ higher in the process. NQ cleared Y+1 ...
USDCAD Aug 13 to Aug 17 Outlook
Lawrence’s Comment
Par level failed to hold induced a slide down to 0.99. Closed the week at the low below Y-2.
Outlook
Failing to hold par level means 0.98 in play as mentioned last week. So as long as B+1 acting as resistance long term bottom is not in place.
Will be interested in how Loonie reacts at the 0.98 level.
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