Recap Multiple pushes to the downside failed to push the price lower. After a FBO against week low printed earlier in the week, a rally was resulted. Closed the week at week high and near Y-0.
Outlook US dollar definitely gaining ground against Loonie. As long as B-0 is acting as support, retest of Y+1 very likely.
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
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
Sell setup from Y-0 to downside target at Y-2 in 1 go. Easiest play for the week. Y-2 did not hold up for long. Closed the week below Y-2 ...
USDCAD Feb 11 to Feb 15 Outlook
Lawrence’s Comment
Multiple pushes to the downside failed to push the price lower. After a FBO against week low printed earlier in the week, a rally was resulted. Closed the week at week high and near Y-0.
Outlook
US dollar definitely gaining ground against Loonie. As long as B-0 is acting as support, retest of Y+1 very likely.
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