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USDCAD Apr 30 to May 04 Outlook
Lawrence’s Comment
Resistance zone worked out giving us a flush to below Y-1 in one slow drop. Y-1 turned into resistance and closed the week at week low.
Outlook
Y-2 is still in play.
A quick flush to Y-2 and bounce back above B-1 could signal a short term bottom with consolidation near B-0 area.
Taking out B-0 quickly from below will send loonie back to B+1.
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