Recap Falling wedge completed with FBO against Y-1 gave us reversal back up to Y+3. Closed the week above Y+2 and near week high.
Outlook This reversal is expected and just a matter of time for the weekly pullback to complete. Strong support at B-0 with retest of year high in play.
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
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 09 to May 13 Outlook
Lawrence’s Comment
Falling wedge completed with FBO against Y-1 gave us reversal back up to Y+3. Closed the week above Y+2 and near week high.
Outlook
This reversal is expected and just a matter of time for the weekly pullback to complete. Strong support at B-0 with retest of year high in play.
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