Trading Edges That Last
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Lawrence's Comment Recap Aussie dropped to target as expected. Very orderly, no complex move to deal with. Closed the week below Y-2 and at week low. Outlook Aussie is developing a falling ...READ MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MOREPrecog Vision – Forex 2014-10-1Precog Vision – Forex 2019-3-11AUDUSD Dec 08 to Dec 12 OutlookPrecog Vision – Forex 2019-5-163DP Odds Table (USDCAD) 2017-05-033DP Odds Table (USDCAD) 2012-09-13Intraday Cycle Projection (USDCAD) 2014-05-07Precog Vision – Forex 2019-10-73DP Odds Table (USDCAD) 2013-06-04Weekly Cycle Projection (USDCAD) 2017-06-19
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USDCAD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Feb close did not even attempt to hold up at Y-1 and slided to 50% downside expansion target at Y-2. The bounce was stopped right at Y-1 with strong reaction confirming the weaknesses. Closed the week below midpoint.
Outlook
As mentioned last week, Canadian dollar chose to close lower means monthly STOPD levels in play. As long as Y-1 to B+2 acting as resistance zone, more downside moves are expected. Y-3 (not shown in chart) is the likely first target as it is also the monthly target area.
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