Trading Edges That Last
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As Featured In
USDCAD Feb 25 to Mar 01 Outlook
Lawrence’s Comment
As expected, the pair moved above Y+1 quickly. The nice surprise was that the strength of the run not only carry the pair higher to Y+3 (normal breakout target) but also to the melt up price Y+5. Closed the week above Y+3 and midpoint.
Outlook
End of week showed signs of exhaustion. Likely consolidation below B+1 and above Y+2. As gold is showing signs of swing bottom forming, can cap the strength in this pair for a while.
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