Recap Y-0 acted as resistance at the start of the week but could not hold the price down on the 2nd try. Price zoomed up but stalled at the same distance like week low from Y-1. That staged a consolidation for the rest of the week. Closed the below Y-0 and midpoint.
Outlook Inside week with gap not filled below. Very rare for this pair. Breakout mode in place with slight favour to the downside.
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
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 Mar 25 to Mar 29 Outlook
Lawrence’s Comment
Y-0 acted as resistance at the start of the week but could not hold the price down on the 2nd try. Price zoomed up but stalled at the same distance like week low from Y-1. That staged a consolidation for the rest of the week. Closed the below Y-0 and midpoint.
Outlook
Inside week with gap not filled below. Very rare for this pair. Breakout mode in place with slight favour to the downside.
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