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USDCAD Apr 14 to Apr 18 Outlook
Lawrence’s Comment
As expected, more downside. Y-0 resistance sent this down to almost Y-3. Resistance trend line break gave us a bear flag / up channel back up above Y-1. Closed the week above Y-1 and midpoint.
Outlook
Potential long term bottom in the making. First, we need to see B-1 acting as support from retest though.
Short term resistance B+1.
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