Recap As expected, Loonie consolidated within the tight range mentioned last week. By end of week, after support was found, this pair drifted back up to near Y+1 before stalling. Closed the week above midpoint and Y-0.
Outlook Inside week holding above Y-0 is bullish. A breakout above Y+1 points to range expansion to Y+2 or above B+3.
Should we see a FBO against B+1 / Y+1 with confirmation at B-0, a selloff back downto B-3 is likely.
Lawrence's Comment
Recap
As expected, there was no directional play last week. Dow was trapped inside Y+1 and Y-1. Easy 2-way plays every other day. Closed the week near Y-0 and below ...
Lawrence's Comment
Recap
NQ edged lower below Y-1 but never really stayed below the support level. Took it a week to breakout upside. Closed the week near week high and above Y-0.
Outlook
Whole ...
USDCAD Sep 02 to Sep 06 Outlook
Lawrence’s Comment
As expected, Loonie consolidated within the tight range mentioned last week. By end of week, after support was found, this pair drifted back up to near Y+1 before stalling. Closed the week above midpoint and Y-0.
Outlook
Inside week holding above Y-0 is bullish. A breakout above Y+1 points to range expansion to Y+2 or above B+3.
Should we see a FBO against B+1 / Y+1 with confirmation at B-0, a selloff back downto B-3 is likely.
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