Recap Consolidation with low volume all week. Trapped within previous week range. Closed the week near Y-0 and midpoint.
Outlook Consolidation / compression until first week of next year is likely as long as there is no news shock affecting global markets. If we get news shock, expect either B+3 or B-3 will be tagged quickly.
Lawrence's Comment
Recap
Easy one for the week. Y-0 resistance dropped directionally down to Y-2 and below. Closed the week below Y-1 and near midpoint.
Outlook
The weekly level pullback in progress. ...
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 Dec 07 to Dec 11 Outlook
Lawrence’s Comment
Consolidation with low volume all week. Trapped within previous week range. Closed the week near Y-0 and midpoint.
Outlook
Consolidation / compression until first week of next year is likely as long as there is no news shock affecting global markets. If we get news shock, expect either B+3 or B-3 will be tagged quickly.
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