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 near the low of the week.
Outlook As long as par level acts as resistance, the lower support price zone of Y-3 will be tagged.
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USDCAD Oct 31 to Nov 04 Outlook
Lawrence’s Comment
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 near the low of the week.
Outlook
As long as par level acts as resistance, the lower support price zone of Y-3 will be tagged.
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