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
Aussie found support at Y-1 and cleared Y-0 decisively. Y+1 was tagged and pulled back to Y-0 as support. Y+2 target was stopped short at the 0.89 round number. ...
Lawrence's Comment
Recap
Loonie is the odd pair this week as it is not moving with the other majors as US dollar strengthen. Since gold is all over the place ...
Lawrence's Comment
Recap
The overall bullish bias is correct that Dow keep trying to push higher. The problem with that, however, is the lack of volume making it difficult to clear the ...
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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