Recap Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint.
Outlook 1.08 to 1.10 was the long standing rate between USD and Loonie. As long as B+1 acting as resistance, it is likely to consolidate in this zone.
Lawrence's Comment
Recap
Consolidation with pullback to target mentioned last week. No real action until end of week tension increased between US and Russia. Closed the week near Y+1 and B+1.
Outlook
Above B+1 ...
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 20 to Jan 24 Outlook
Lawrence’s Comment
Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint.
Outlook
1.08 to 1.10 was the long standing rate between USD and Loonie. As long as B+1 acting as resistance, it is likely to consolidate in this zone.
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