Recap Strong reactions around Y-1. 100% absolute range expansion capped the moves. Closed the week below Y-1 and midpoint.
Outlook Y+1 now important resistance to clear to confirm weekly pullback completion. 1.32 down to 1.30 consolidation important for the monthly uptrend to continue.
Lawrence's Comment
Recap
Bounced off 1.00 par level on first test as expected. Yet, once the precious metals started to rally, US dollar is crushed. Closed the week below 1.00 and ...
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USDCAD Mar 14 to Mar 18 Outlook
Lawrence’s Comment
Strong reactions around Y-1. 100% absolute range expansion capped the moves. Closed the week below Y-1 and midpoint.
Outlook
Y+1 now important resistance to clear to confirm weekly pullback completion. 1.32 down to 1.30 consolidation important for the monthly uptrend to continue.
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