Recap Y-0 acted as resistance keeping the price lower. Closed the week below Y-1.
Outlook The intention is clear – to test the par level 1.00. How the price react from that will tell us if the pair can find a higher low at 1.00 and continue its daily level rally.
Failing to hold 1.00 will induce a quick selloff back down to monthly support zone back down at 0.98 area
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
Lawrence's Comment
Recap
Failure to tag Y+1 early in the week sent the pair back down to Y-1. As Y-1 did not contain the drop, further weaknesses was expected from ...
Lawrence's Comment
Recap
First weekly higher low in place. 1.30 acted as support. And they found an excuse to clear 1.32. Closed the week printing 4 week highest high and above Y+1.
Outlook
Bullish ...
USDCAD Oct 24 to Oct 28 Outlook
Lawrence’s Comment
Y-0 acted as resistance keeping the price lower. Closed the week below Y-1.
Outlook
The intention is clear – to test the par level 1.00. How the price react from that will tell us if the pair can find a higher low at 1.00 and continue its daily level rally.
Failing to hold 1.00 will induce a quick selloff back down to monthly support zone back down at 0.98 area
Share