Trading Edges That Last
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USDCAD Feb 17 to Feb 21 Outlook
Lawrence’s Comment
Followed the down channel play and gave us a easy week. Closed the week above Y-1 and below midpoint.
Outlook
Down channels do not last. As long as B-0 acting as resistance the down channel is still in force with potential selloff down to Y-2 / B-2 area.
Once B-0 is cleared and turning into support, we have a good chance of seeing Y+1 and above quickly.
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