Recap Loonie continue to strengthen last week. Y+1 was not challenged at all. After breaking below Y-1, a flush to Y-3 materialized. Closed the week near week low and below Y-2.
Outlook As long as B-0 / Y-1 acting as resistance, more downside is expected.
As mentioned last week, 0.96 area is of great interest if we get a flush.
Lawrence's Comment
Recap
Greece referendum turns out to be a non-event. Euro flushed lower but SNB intervened. Y-1 turned into support after Y-0 was tagged. This setup led to a rally back ...
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
Loonie finally breakout of the 3 week boundary. Y+1 was not even touched when the pullback started. Y-0 was cleared quickly opening the way to Y-1. Strong 4 hour ...
USDCAD Sep 10 to Sep 14 Outlook
Lawrence’s Comment
Loonie continue to strengthen last week. Y+1 was not challenged at all. After breaking below Y-1, a flush to Y-3 materialized. Closed the week near week low and below Y-2.
Outlook
As long as B-0 / Y-1 acting as resistance, more downside is expected.
As mentioned last week, 0.96 area is of great interest if we get a flush.
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