Recap As expected, once 0.98 was breached, there is no real support until we see 0.96 handle. After 100% absolute range expansion, the pair bounced off near Y-3. Closed the week at B-0 near Y-2.
Outlook Until B+1 turns into support, this pair is locked in down trend.
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
Y-0 acted as resistance, gave us a good run down to Y-2 target mentioned last week. Found support there and bounced back up. Closed the week below Y-1 and ...
Lawrence's Comment
Recap
Sold off early in the week but failed to tag Y-2. More b.s. coming from Greece forced a wild short squeeze mid week back up to the ...
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 Sep 17 to Sep 21 Outlook
Lawrence’s Comment
As expected, once 0.98 was breached, there is no real support until we see 0.96 handle. After 100% absolute range expansion, the pair bounced off near Y-3. Closed the week at B-0 near Y-2.
Outlook
Until B+1 turns into support, this pair is locked in down trend.
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