Recap A push towards Y+2 as expected. Failed on 3rd try resulting in a quick slide back down to Y-0. Closed the week near week low.
Outlook As long as B-0 acting as resistance, there should be more downside. B-2 is likely early next week. The goal could be simply forcing a flush towards par.
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
Gap above Y+1 killed the pullback potential down to Y-2. That did not changed the consolidation actions that is expected for the week. Wild swings by the end of ...
For more information about this report please refer to the Market Bias Informant page
Trading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
USDCAD Jul 16 to Jul 20 Outlook
Lawrence’s Comment
A push towards Y+2 as expected. Failed on 3rd try resulting in a quick slide back down to Y-0. Closed the week near week low.
Outlook
As long as B-0 acting as resistance, there should be more downside. B-2 is likely early next week. The goal could be simply forcing a flush towards par.
Share