Trading Edges That Last
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Lawrence’s Comment
As mentioned last week, loonie depends on gold to hold it up. The moment gold breached its support, loonie collapsed spiking the pair up to Y+2. Closed the week below Y+1 and above midpoint.
Outlook
B-0 / Y-0 very strong support zone. Until it is cleared, retest of B+1 likely and more upside is expected.
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