Recap As expected, multiple attempts to push higher happened last week yet no breakout was resulted. Closed the week above Y-0 and below midpoint.
Outlook Tight range week with close back near both midpoints points to potential FBO against Y+1. A test of B-1 is likely with the potential of Y-1 in play.
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
Selling could not happen as NFP week bias kicked in. FBO against Y-1 gave us Y-0 and then Y+1 before NFP Friday. By Friday, the surprise is over and ...
USDCAD Jun 08 to Jun 12 Outlook
Lawrence’s Comment
As expected, multiple attempts to push higher happened last week yet no breakout was resulted. Closed the week above Y-0 and below midpoint.
Outlook
Tight range week with close back near both midpoints points to potential FBO against Y+1. A test of B-1 is likely with the potential of Y-1 in play.
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