Recap Spike top led to test of Y-1 and wait for Brexit. Spike low against Y-1 led to a rush back up to Y-0 and then Y+1. Closed the week above Y-0 and midpoint.
Outlook See-saw actions 4 weeks in a row. Outside reversal week is bullish. As long as 1.28 holds, more upside likely.
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
Sudden reversal as expected. Breaking below Y-0 gave us Y-1. 100% absolute range expansion stopped the drop and another sudden reversal by US NFP report. Closed the week below ...
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 27 to Jul 01 Outlook
Lawrence’s Comment
Spike top led to test of Y-1 and wait for Brexit. Spike low against Y-1 led to a rush back up to Y-0 and then Y+1. Closed the week above Y-0 and midpoint.
Outlook
See-saw actions 4 weeks in a row. Outside reversal week is bullish. As long as 1.28 holds, more upside likely.
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