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
Y-0 acted as resistance and down trend continue as expected. Closed the week at Y-1.
Outlook
Interesting turning point in the making if the pair can jump up to ...
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 Jul 23 to Jul 27 Outlook
Lawrence’s Comment
A forced flush down to Y-2. Closed the week at Y-1 and midpoint.
Outlook
Definitely trying hard to form a bottom here. The process, however, can take some time to develop.
Breakout above B+1 will lead to a short squeeze with Y+1 to B+3 as target zone.
The more likely scenario is that Loonie stays in a tight range below B+1.
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