Trading Edges That Last
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USDCAD Aug 13 to Aug 17 Outlook
Lawrence’s Comment
Par level failed to hold induced a slide down to 0.99. Closed the week at the low below Y-2.
Outlook
Failing to hold par level means 0.98 in play as mentioned last week. So as long as B+1 acting as resistance long term bottom is not in place.
Will be interested in how Loonie reacts at the 0.98 level.
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