Recap This was the easy one last week. No heat was taken positioning for the drop to Y-3 as mentioned last week. Target tagged. Closed the week below Y-2 and midpoint.
Outlook Wide range week points to consolidation and wild swings under B-0. As long as Loonie stays below Y-1 / B-0, a retest of B-1 is likely.
Lawrence's Comment
Recap
First significant pullback after the 400+ pips rally. Closed the week below Y-0 and midpoint. Inside week.
Outlook
I am still looking for long only. As long as B-1 ...
Lawrence's Comment
Recap
All week updrift from near Y-0 fitted the NFP play perfectly. Y+2 target tagged without any real resistance. Clsoed the week near Y+2 and above midpoint.
Outlook
Parabolic run ...
USDCAD Jul 15 to Jul 19 Outlook
Lawrence’s Comment
This was the easy one last week. No heat was taken positioning for the drop to Y-3 as mentioned last week. Target tagged. Closed the week below Y-2 and midpoint.
Outlook
Wide range week points to consolidation and wild swings under B-0. As long as Loonie stays below Y-1 / B-0, a retest of B-1 is likely.
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