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
Violent reaction to eurozone problems sending US dollar higher against all majors. Tagged Y+2 and closed the week above Y+1.
Outlook
Unlike other majors, dollar yen is not breaking out ...
Lawrence's Comment
Recap
Last week's warning that once Y-0 failed to act as support, Dow has no support until 12500. There it was. Sold off to 12500 and took off. ...
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 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.
Share