Recap No time wasted on further compression. The pair simply break the lower boundary in 1 go. Not quite make it to Y-3. First bounce failed to push back up to Y-1. Closed the week below midpoint and Y-2.
Outlook Too weak to form a bottom at this level. Further downside will pull this down to B-2 / par level.
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
Lawrence's Comment
Recap
Double fun with euro last week. 1.39 cleared early in the week, gave us a 100% absolute range expansion to right below 1.4 hard resistance which is also the ...
USDCAD May 06 to May 10 Outlook
Lawrence’s Comment
No time wasted on further compression. The pair simply break the lower boundary in 1 go. Not quite make it to Y-3. First bounce failed to push back up to Y-1. Closed the week below midpoint and Y-2.
Outlook
Too weak to form a bottom at this level. Further downside will pull this down to B-2 / par level.
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