Recap Pushed above B+1 and 1.0 par level but failed to hold above that. Eventually broken down and dropped to Y-0. Closed the week above Y-0 and below midpoint.
Outlook Y-0 defended points to a retest of Y+1 / B+1 area. The test at the resistance will tell if USD is really making a big come back.
Not interested in the short side as first pullback to even B-2 is a good long setup.
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
The only index that acted in normal fashion. Pulled back to our target zone as expected and then Fed announcement was right on time to send NQ ...
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 Nov 05 to Nov 09 Outlook
Lawrence’s Comment
Pushed above B+1 and 1.0 par level but failed to hold above that. Eventually broken down and dropped to Y-0. Closed the week above Y-0 and below midpoint.
Outlook
Y-0 defended points to a retest of Y+1 / B+1 area. The test at the resistance will tell if USD is really making a big come back.
Not interested in the short side as first pullback to even B-2 is a good long setup.
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