Recap Tried to hold above Y+1 but failed. Pullback to support zone and failed to clear Y+1 since led to another drop to Y-0 and below. Closed the week near Y-0 and week low.
Outlook Rally off a thin up channel was not sustainable. Pullback down to same consolidation range over the past several weeks. Back to wait and see mode.
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 Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Tried to hold above Y+1 but failed. Pullback to support zone and failed to clear Y+1 since led to another drop to Y-0 and below. Closed the week near Y-0 and week low.
Outlook
Rally off a thin up channel was not sustainable. Pullback down to same consolidation range over the past several weeks. Back to wait and see mode.
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