Recap Y-0 support early in the week gave us an up drift ended with 3 pushes up breakdown. Y-0 failed to hold this up and a run down to Y-1 materialized at the end of the week. Closed the week below Y-0 and near week low.
Outlook Weekly / monthly struggle here with B-2 very strong support. Consolidation play until Brexit is over.
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 Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Y-0 support early in the week gave us an up drift ended with 3 pushes up breakdown. Y-0 failed to hold this up and a run down to Y-1 materialized at the end of the week. Closed the week below Y-0 and near week low.
Outlook
Weekly / monthly struggle here with B-2 very strong support. Consolidation play until Brexit is over.
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