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USDCAD Dec 17 to Dec 21 Outlook
Lawrence’s Comment
As expected this pair moved lower slowly towards 0.98. Found some support at Y-2. Closed the week at midpoint and above Y-2.
Outlook
Signs of support but too weak to be considered a bottom. A retest of B-1 and bounce above B-0 is necessary for the possibility of a stronger rally.
For now, consolidation below Y-1 and drifting towards B-2 or 0.98 continues.
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