Without any incident, the pair is sliding towards the weekly red zone. For the selloff to be completed this week, it should not travel back up higher than 1.575 area. Still the pair I like most lately.
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Lawrence's Comment
Recap
More upside as expected. Y+2 / 1.32 breached and we got jawboning as expected as well. So predictable. Closed the week above Y+1 and near midpoint.
Outlook
Canadian dollar ...
Lawrence's Comment
Recap
NQ break out upside above Y+1 but failed to push beyond 100% absolute range expansion. FBO against Y+1 led to a drop back down to Y-1 and found support ...
Lawrence's Comment
Recap
As noise coming from various events dying down, normal behaviour came back. A breakout of Y+1 points to Y+2 target for the week. That was completed by Friday.
Outlook
The ...
My mind wanted to continue monitoring the position, my body is not cooperating. Flat here and leaving office.