Lawrence's Comment
Recap
Consolidation with 50% previous week range as expected. Pushed lower to retest Y-1 and failed to stay below. Bounced back up to take on Y-0. 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
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 May 07 to May 11 Outlook
Lawrence’s Comment
Bounced to Y-0. Held above Y-1. And jumped back up to almost Y+1 by end of week as expected.
Outlook
A short term bottom is likely in place. It is important that B-1 stays as support and not breached from here.
Quick zoom to B+2 will help secure the bottom and lift the support zone to B-0.
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