Trading Edges That Last
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USDCAD Feb 13 to Feb 17 Outlook
Lawrence’s Comment
Took a week to form the bottom and finally rallied back above 1.0.
Outlook
Tough battle for US dollar here.
To form a good bottom from here, US dollar may have to keep fighting at this area for some time to build a sustainable base. That also means Loonie and Aussie will stop moving in high correlation going forward.
For coming week, it is likely the pair will find resistance at B+2 quickly.
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