Recap Strong support at Y-1 sent this back up to Y-0. 2nd attempt to push this down to Y-1 met with stronger buying still. Y-0 cleared and Y+1 tagged. Closed the week above Y+1 and near week high.
Outlook Outside reversal week with strong close is bullish. A push towards B+2 is likely.
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 Nov 09 to Nov 13 Outlook
Lawrence’s Comment
Strong support at Y-1 sent this back up to Y-0. 2nd attempt to push this down to Y-1 met with stronger buying still. Y-0 cleared and Y+1 tagged. Closed the week above Y+1 and near week high.
Outlook
Outside reversal week with strong close is bullish. A push towards B+2 is likely.
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