Recap Initial break of Y-1 resulted in strong reaction and sent this back up to Y-0. Y-0 resistance confirmed and dropped this down to Y-2. Support found and drifted back up to Y-1. Closed the week below Y-1 and near midpoint.
Outlook Consolidation actions with range trapped between weekly support and daily resistance. More consolidation actions until weekly pullback is done.
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
Downside target mentioned last week tagged and led to a weak bounce. Consolidation around Y-1 since and eventually Y-1 turned into resistance. Closed the week below Y-1 and near ...
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 Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Initial break of Y-1 resulted in strong reaction and sent this back up to Y-0. Y-0 resistance confirmed and dropped this down to Y-2. Support found and drifted back up to Y-1. Closed the week below Y-1 and near midpoint.
Outlook
Consolidation actions with range trapped between weekly support and daily resistance. More consolidation actions until weekly pullback is done.
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