Recap Not even tagging 1.05 and stalled right off previous week high. Dropped down to Y-1 and bounced back to Y-0. Closed the week below midpoint.
Outlook Pullback as expected. The big question for this week is whether a swing low can be produced early in the week. If Y-1 / B-1 acting as support, the next wave to push this pair up can go a lot higher.
Lawrence's Comment
Recap
No spike lower in the beginning of the week so we did not get a reversal. The normal scenario of consolidation around B-1 happened. No surprise unlike the wild ...
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 11 to Jun 15 Outlook
Lawrence’s Comment
Not even tagging 1.05 and stalled right off previous week high. Dropped down to Y-1 and bounced back to Y-0. Closed the week below midpoint.
Outlook
Pullback as expected. The big question for this week is whether a swing low can be produced early in the week. If Y-1 / B-1 acting as support, the next wave to push this pair up can go a lot higher.
Share