Recap FBO confirmed and sold off to B-2 as expected. By end of week a stop run carried the pair down to Y-3. Closed the week below Y-2 and near week low.
Outlook Similar to other majors, the extra spike we got on Friday is definitely not normal. A retest of B-0 is in order.
Middle East tension could be the trigger for all out USD rally against the majors.
After having too much fun at dinner parties and alcohol consumption, I am joining the crowded game of making predictions of the financial markets for the coming year 2016. Last ...
USDCAD Nov 26 to Nov 30 Outlook
Lawrence’s Comment
FBO confirmed and sold off to B-2 as expected. By end of week a stop run carried the pair down to Y-3. Closed the week below Y-2 and near week low.
Outlook
Similar to other majors, the extra spike we got on Friday is definitely not normal. A retest of B-0 is in order.
Middle East tension could be the trigger for all out USD rally against the majors.
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