Recap This pair just stuck at a tight range all week. The break and flush near end of week did not produce a run as it bounced back up quickly above Y-1. Closed the week at midpoint and above Y-1.
Outlook If B+1 is cleared quickly we have a swing bottom in place with closest target at B+3 / Y+1 area.
If B-0 to B+1 acting as resistance, looking for a flush to 0.96 area as stated last week.
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 Jan 14 to Jan 18 Outlook
Lawrence’s Comment
This pair just stuck at a tight range all week. The break and flush near end of week did not produce a run as it bounced back up quickly above Y-1. Closed the week at midpoint and above Y-1.
Outlook
If B+1 is cleared quickly we have a swing bottom in place with closest target at B+3 / Y+1 area.
If B-0 to B+1 acting as resistance, looking for a flush to 0.96 area as stated last week.
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