Recap More upside as expected. Y+2 / 1.32 breached and we got jawboning as expected as well. So predictable. Closed the week above Y+1 and near midpoint.
Outlook Canadian dollar and Aussie both as affected by the flushing process in gold. Until gold settledown a bit, more upside is expected for this pair.
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
Y-0 resistance with a drop to Y-1 worked out perfectly. The spike low below Y-1 forced a run back up to the crime scene where the drop started. Closed ...
Lawrence's Comment
Recap
Opened near Y+1 and stalled. Y-0 found support, retested original resistance mentioned last week. Breached Y-0 and slided down to Y-1 then Y-2. Closed the week below Y-2 and ...
USDCAD Aug 10 to Aug 14 Outlook
Lawrence’s Comment
More upside as expected. Y+2 / 1.32 breached and we got jawboning as expected as well. So predictable. Closed the week above Y+1 and near midpoint.
Outlook
Canadian dollar and Aussie both as affected by the flushing process in gold. Until gold settledown a bit, more upside is expected for this pair.
Share