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USDCAD Apr 27 to May 01 Outlook
Lawrence’s Comment
Consolidation as expected. Developed the top 1/2 first then dropped down to near Y-1 for a test. Closed the week below Y-0 and midpoint.
Outlook
Y-1 / B-1 support until proven otherwise. Cannot rule out a sudden surge to Y-0 as it can be staging a very slow bear flag on weekly.
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