Recap Upside push continue until retest of the crime scene (above Y+2) where the breakdown happened back in April. Closed the week above Y+1 and midpoint.
Outlook Weekly up trend clearly wants to push higher but it may take multiple attempts to clear this resistance zone. This will translate to more complex swings on daily and intraday.
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
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 Jun 01 to Jun 05 Outlook
Lawrence’s Comment
Upside push continue until retest of the crime scene (above Y+2) where the breakdown happened back in April. Closed the week above Y+1 and midpoint.
Outlook
Weekly up trend clearly wants to push higher but it may take multiple attempts to clear this resistance zone. This will translate to more complex swings on daily and intraday.
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