Recap As expected, higher price level was reached. 1.05 was an important price level for the pair before it dropped below 1.0. Without much pullback, 1.05 was tagged at the end of the week.
Outlook Longer term basis, more upside is expected as long as Y-0 or 1.0 level continue to act as support.
Intraday basis, if B-0 is breached quickly, the pair will likely fall back to B-1 and Y-0.
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
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
Consolidation week as expected. Flushed to Y-1 and bounced. Failed to hold above Y-0 gave us another chance for the retest. Flushed to close the open gap and bounced. ...
USDCAD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
As expected, higher price level was reached. 1.05 was an important price level for the pair before it dropped below 1.0. Without much pullback, 1.05 was tagged at the end of the week.
Outlook
Longer term basis, more upside is expected as long as Y-0 or 1.0 level continue to act as support.
Intraday basis, if B-0 is breached quickly, the pair will likely fall back to B-1 and Y-0.
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