Recap Y-0 down to Y-1 acted as support as expected but the rally failed to retest Y+1 as the second half of the week we got more news shocks messing around.
Outlook Loonie is developing a spike and ledge. If B-1 is broken without any upside breakout or breach of B+1 at all, a selloff can take it down to Y-3.
Lawrence's Comment
Recap
Broken below Y-0 early in the week, points to a push towards Y-1. We got the drop later in the week but Y-1 was not tagged as ...
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 22 to Aug 26 Outlook
Lawrence’s Comment
Y-0 down to Y-1 acted as support as expected but the rally failed to retest Y+1 as the second half of the week we got more news shocks messing around.
Outlook
Loonie is developing a spike and ledge. If B-1 is broken without any upside breakout or breach of B+1 at all, a selloff can take it down to Y-3.
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