Lawrence's Comment
Recap
First move to test Y+1 found resistance. Gave us Y-1 target. Dropped to Y-1 and breached the support as if it is not there. Closed the week below Y-1 ...
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 May 30 to Jun 03 Outlook
Lawrence’s Comment
As expected, Y+1 tagged early in the week. Consolidation since then.
Outlook
As long as Y-0 to B-1 acts as support, retest of B+1 is likely.
A quick break of B-1 points to complete retracement back down to Y-1 and B-3 area.
Share