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USDCAD Dec 09 to Dec 13 Outlook
Lawrence’s Comment
Went higher and tagged 1.07 round number and stalled. Consolidation since. Closed the week near Y+1 and below midpoint.
Outlook
Similar to Aussie, affected by gold’s multiple attempts to find a bottom, Loonie not stable at the current level.
B-1 must hold for the pair to go higher.
Once B-1 is breached, B-2 and below will be in play. That is likely to be triggered by a rally in gold.
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