Lawrence's Comment
Recap
Sold off straight down to Y-2 target opened the door to Y-3. Stair step action going down until 100% absolute range was reached. Closed the week below Y-2 and ...
Lawrence's Comment
Recap
Behaved in very similar fashion like yen, except that Aussie closed above Y-2 and below Y-1.
Outlook
From weekly range tightening up to 3 weeks ago, and then downside expansion ...
USDCAD Feb 16 to Feb 20 Outlook
Lawrence’s Comment
Consolidation as expected. Trapped in equal distance around Y-0. Closed the week below Y-0 and near week low.
Outlook
Consolidation / pullback mode can last for weeks. Downside drift to B-2 is in play as long as Y-0 / B-0 is acting as resistance.
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