Recap Hit resistance mentioned last week, fall back down to near Y-1 support. Consolidated around previous week close as expected. Closed the week below Y-0 and near midpoint.
Outlook Consolidation with close near midpoint is indecision. Y-1 was rejected decisively. This gives US dollar an advantage, pointing to retest of B+1 in play.
Lawrence's Comment
Recap
Y-1 test resulted in a higher low rally. The break above Y+1 cleared the major resistance level established over the past few weeks. Closed the week at the ...
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
Lawrence's Comment
Recap
More downside as expected but failed to tag Y-2. Just consolidated around Y-1. Closed the week near Y-1 and midpoint.
Outlook
Indecision to close near Y-1 means a chance to push ...
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 Sep 08 to Sep 12 Outlook
Lawrence’s Comment
Hit resistance mentioned last week, fall back down to near Y-1 support. Consolidated around previous week close as expected. Closed the week below Y-0 and near midpoint.
Outlook
Consolidation with close near midpoint is indecision. Y-1 was rejected decisively. This gives US dollar an advantage, pointing to retest of B+1 in play.
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