Recap Breakout play netted 200 pips instead of just 100. The best surprise of the week. The pair did not stop until Y+5 was tagged. A lot of trapped shorts indeed. Closed the week above Y+4 and near week high.
Outlook Consolidation with upside bias.
The catch is that if gold suddenly reverse its course, Loonie can snap back to B-0 quickly. Monitor gold closely for signs of spike reversal.
Lawrence's Comment
Recap
Started the week gap lower to challenge Y-1 and bounced. Y-0 resistance sent Aussie lower to retset previous week close. That held and a squeeze was resulted. Yet, Aussie ...
Lawrence's Comment
Recap
After completing the 100 points dash to above 2100 (the actual bottom is not visible on the chart because it happened during overnight actions), unloading started and FBO against ...
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
Tagged upside target after bounced off Y-0. That played out as expected. Disappointed, however, that cable failed to hold above Y+1 as support and dropped back down ...
USDCAD Jun 24 to Jun 28 Outlook
Lawrence’s Comment
Breakout play netted 200 pips instead of just 100. The best surprise of the week. The pair did not stop until Y+5 was tagged. A lot of trapped shorts indeed. Closed the week above Y+4 and near week high.
Outlook
Consolidation with upside bias.
The catch is that if gold suddenly reverse its course, Loonie can snap back to B-0 quickly. Monitor gold closely for signs of spike reversal.
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