Recap Easy one of the week. Beautiful bull flag / channel break as expected. Went straight for November high. Closed the week above Y+1 and near week high.
Outlook Wide range week with strong close points to more upside in store.
Consolidation at 50% range around B+1 / close likely.
Lawrence's Comment
Recap
No time wasted on further compression. The pair simply break the lower boundary in 1 go. Not quite make it to Y-3. First bounce failed to push back up ...
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 Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Easy one of the week. Beautiful bull flag / channel break as expected. Went straight for November high. Closed the week above Y+1 and near week high.
Outlook
Wide range week with strong close points to more upside in store.
Consolidation at 50% range around B+1 / close likely.
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