Lawrence's Comment
Recap
Y-0 acted as resistance gave us a go for the downside target of Y-2. Got my target and Loonie reacted to the level. Strong bounce took Loonie back up ...
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 15 to Aug 19 Outlook
Lawrence’s Comment
The pair was doing a standard consolidation below Y+2 and above Y-0 after a strong week. Closed the week at Y+1.
Outlook
The consolidation points to a retest of B+1 likely. That also means B-1 down to Y-0 should act as support this coming week.
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