Lawrence's Comment
Recap
As expected the consolidation led to further weaknesses and that the downside target of Y-2 was tagged. Aussie went sideway since. Closed the week near Y-2 and below midpoint.
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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
As mentioned last week, the pocket below has to be taken care of first. Gap up open did not change the bias and gave us an even better drop. ...
USDCAD Dec 08 to Dec 12 Outlook
Lawrence’s Comment
Consolidation at reduced range as expected. Closed the week below Y+1 and above midpoint.
Outlook
More upside likely after consolidation. FBO against Y+1 / B+1 zone will give us a drop back down below B-1.
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