Lawrence's Comment
Recap
Consolidated below Y+1. Sellers failed to push cable lower. Breakout to the upside at the end. Closed the week above Y+1 and near week high.
Outlook
Upside breakout confirmed. As long ...
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Lawrence's Comment
Recap
Par level failed to hold induced a slide down to 0.99. Closed the week at the low below Y-2.
Outlook
Failing to hold par level means 0.98 in play ...
USDCAD May 28 to Jun 01 Outlook
Lawrence’s Comment
Consolidation around Y+1 with 50% range as expected. Closed the week at the week high.
Outlook
No real weaknesses showing in the chart yet. Sell setup on 4 hours can send this back down to B-2 slowly over several weeks but not likely.
Like to so a bit more consolidation before this pair goes higher.
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