Recap Easy play of the week. As expected, upside breakout with normal Y+3 target tagged. Stalled from there since. Closed the week above Y+2 and midpoint.
Outlook Gold did not end well last week which put some pressure on this pair. The strength in USD is likely to persist this week hence support at B-0 points to at least a retest of B+1.
Lawrence's Comment
Recap
News driven market condition as noted in last week's comment materialized. Messy price actions all week due to news / rumours yet our trusted NFP biases all worked out. ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
USDCAD Mar 24 to Mar 28 Outlook
Lawrence’s Comment
Easy play of the week. As expected, upside breakout with normal Y+3 target tagged. Stalled from there since. Closed the week above Y+2 and midpoint.
Outlook
Gold did not end well last week which put some pressure on this pair. The strength in USD is likely to persist this week hence support at B-0 points to at least a retest of B+1.
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