Recap Y-1 support clearly holding the pair up for the week. Consolidation around previous week close. Closed the week below Y-0 and midpoint.
Outlook A irregular down channel in place on 4 hour. This can extend the drop to B-1 / B-2 zone. If that results in a quick snap back above B-1, we have a go for B+1 and then Y+1.
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 Nov 17 to Nov 21 Outlook
Lawrence’s Comment
Y-1 support clearly holding the pair up for the week. Consolidation around previous week close. Closed the week below Y-0 and midpoint.
Outlook
A irregular down channel in place on 4 hour. This can extend the drop to B-1 / B-2 zone. If that results in a quick snap back above B-1, we have a go for B+1 and then Y+1.
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