Recap Moved higher to 1.12 as expected. A steep pullback to Y-0 too as if following the script. Y-0 support gave us a run to 100% absolute range expansion. Closed the week above Y+1 and near week high.
Outlook Upside objective of above 1.12 is reached. Consolidation is likely around 1.12. Reduced to 50% previous week range is likely too.
Lawrence's Comment
Recap
Twists and turns in the events leading to Brexit vote caused cable to run the stops above. Due to limited liquidity cable cannot stop its stop run until long ...
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
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 Oct 06 to Oct 10 Outlook
Lawrence’s Comment
Moved higher to 1.12 as expected. A steep pullback to Y-0 too as if following the script. Y-0 support gave us a run to 100% absolute range expansion. Closed the week above Y+1 and near week high.
Outlook
Upside objective of above 1.12 is reached. Consolidation is likely around 1.12. Reduced to 50% previous week range is likely too.
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