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
Consolidation around the top part of prior week is no surprise. Test of Y+1 early in the week did not result in sell off as there is no participant ...
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 18 to Jan 22 Outlook
Lawrence’s Comment
As expected monthly breakout is giving us more upside and tagged normal Y+3 target. Closed the week near Y+3 and week high.
Outlook
New high still likely. Y+4 resistance will lead to consolidation action around Y+3 / B+1.
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