Recap Down channel resistance early in the week pressed price down to Y-0 and opened the door to Y-1. Y-1 tested mid week and held. Closed the week below Y-0 and near midpoint.
Outlook FBO against Y-1 on daily. Potential run to B+1 and Y+1 as long as Y-1 acting as support.
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
Attempted downside first but failed to stay below Y-0. Drifted up slowly yet failed to push above 121 and collapsed back down. Closed the week below Y-0 and near ...
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 May 18 to May 22 Outlook
Lawrence’s Comment
Down channel resistance early in the week pressed price down to Y-0 and opened the door to Y-1. Y-1 tested mid week and held. Closed the week below Y-0 and near midpoint.
Outlook
FBO against Y-1 on daily. Potential run to B+1 and Y+1 as long as Y-1 acting as support.
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