Trading Edges That Last
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USDCAD Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Sold off as expected. But unlike Aussie, Loonie snapped out of the selling with a sharp bounce back up to its weekly midpoint.
Outlook
As Y-1 and B-0 acted as resistance so far, the downtrend is still intact. A retest of B-1 is likely.
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