Lawrence's Comment
Recap
The only index that acted in normal fashion. Pulled back to our target zone as expected and then Fed announcement was right on time to send NQ ...
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
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 09 to Dec 13 Outlook
Lawrence’s Comment
Went higher and tagged 1.07 round number and stalled. Consolidation since. Closed the week near Y+1 and below midpoint.
Outlook
Similar to Aussie, affected by gold’s multiple attempts to find a bottom, Loonie not stable at the current level.
B-1 must hold for the pair to go higher.
Once B-1 is breached, B-2 and below will be in play. That is likely to be triggered by a rally in gold.
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