Lawrence's Comment
Recap
Consolidation around Y-1. In waiting mode for ECB's actions this coming week. Closed the week above Y-1 and midpoint.
Outlook
All week bear flag near Y-1 is bearish. Consolidation ...
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 Aug 24 to Aug 28 Outlook
Lawrence’s Comment
Bullish bias worked out. Y-0 support gave us a test of Y+1. Closed the week near Y+1 and week high.
Outlook
Upside breakout points to B+2 and B+3. FBO against B+1 on daily closing basis points to a drop back down to B-1.
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