Recap Consolidation around the yearly breakout level. Closed the week below Y-0 and near week low.
Outlook Inside week points to breakout mode. Longer term support at 1.28 and slightly below is measured move target and can lead to a slingshot rally from there if no renewed selling down there.
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
Lawrence's Comment
Recap
Pullback to Y-0 area as expected. Consolidation within 50% absolute range is also expected. A pretty quite week.
Outlook
The consolidation range created a strong tight range that will take ...
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 Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Consolidation around the yearly breakout level. Closed the week below Y-0 and near week low.
Outlook
Inside week points to breakout mode. Longer term support at 1.28 and slightly below is measured move target and can lead to a slingshot rally from there if no renewed selling down there.
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