Recap Y+1 / previous week close acted as support and sent this higher until 100% absolute range expansion. Reaction to Y+2 dropped this back down to below Y-1.
Outlook Daily level support starts at 1.295 with Y-2 stronger support on daily. If higher low is formed on weekly, there is a good chance of another rally on weekly basis going back up to year high.
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
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 Sep 05 to Sep 09 Outlook
Lawrence’s Comment
Y+1 / previous week close acted as support and sent this higher until 100% absolute range expansion. Reaction to Y+2 dropped this back down to below Y-1.
Outlook
Daily level support starts at 1.295 with Y-2 stronger support on daily. If higher low is formed on weekly, there is a good chance of another rally on weekly basis going back up to year high.
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