Recap Not even tagging 1.05 and stalled right off previous week high. Dropped down to Y-1 and bounced back to Y-0. Closed the week below midpoint.
Outlook Pullback as expected. The big question for this week is whether a swing low can be produced early in the week. If Y-1 / B-1 acting as support, the next wave to push this pair up can go a lot higher.
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Lawrence's Comment
Recap
Consolidation actions as expected. Rally towards end of week was mainly a stop hunt. Sold off by end of the week due to news shock regarding conflict in Ukraine. ...
USDCAD Jun 11 to Jun 15 Outlook
Lawrence’s Comment
Not even tagging 1.05 and stalled right off previous week high. Dropped down to Y-1 and bounced back to Y-0. Closed the week below midpoint.
Outlook
Pullback as expected. The big question for this week is whether a swing low can be produced early in the week. If Y-1 / B-1 acting as support, the next wave to push this pair up can go a lot higher.
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