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Lawrence's Comment Recap Aussie found support at Y-1 and bounced towards Y-0. Y-0 very strong resistance as explained last week which forced Aussie to retest Y-1. Y-1 spike reversal against Y-1 and ...READ MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MOREAUDUSD Aug 03 to Aug 07 OutlookPrecog Vision – Forex 2022-1-3Intraday Cycle Projection (USDCAD) 2014-10-233DP Odds Table (USDCAD) 2016-10-24GBPUSD Apr 30 to May 04 OutlookPrecog Vision – Forex 2020-10-7Precog Vision – Forex 2014-7-43DP Odds Table (USDCAD) 2013-05-233DP Odds Table (USDCAD) 2021-07-07Precog Vision – Forex 2012-1-12
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USDCAD Nov 18 to Nov 22 Outlook
Lawrence’s Comment
The expected retest of Y-0 gave us a zoom up to above Y+1. But the new high was rejected at once. Another move towards Y-0 was resulted. Closed the week below Y-0 and at week low.
Outlook
FBO against Y+1 points to retest of Y-1. As long as B-0 acting as resistance, Y-1 retest likely.
The price action in both Aussie and Loonie are heavily related to gold price which showed early signs of a potential longer term bottom. If gold fails to hold up, it will take both metal currencies down quickly.
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