Recap Shock sent the pair to trade above Y+1 but failed to hold above that. Y+1 turned into resistance and signal a test of Y-1 in play. Selloff stopped at 200% absolute expansion and bounced back to close at Y-1.
Outlook As long as Y-1 to B-0 acts as resistance, B-1 will be retested.
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
Aussie chose to range expand first towards Y+2 before pullback down to Y+1. Closed the week near Y+1 and below midpoint.
Outlook
V-reversal potential but not confirmed yet. Closing ...
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
Ninja held Y+1 and zoomed to Y+2 quickly. Y+2 turned into support and rallied higher to above Y+3. Closed the week above Y+3 and midpoint.
Outlook
124 is long ...
USDCAD Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Shock sent the pair to trade above Y+1 but failed to hold above that. Y+1 turned into resistance and signal a test of Y-1 in play. Selloff stopped at 200% absolute expansion and bounced back to close at Y-1.
Outlook
As long as Y-1 to B-0 acts as resistance, B-1 will be retested.
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