Trading Edges That Last
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As Featured In
USDCAD Jan 12 to Jan 16 Outlook
Lawrence’s Comment
Reacted to 1.18 as expected. Pullback to equal distance from Monday high and stopped dropping. Renew rally sent the pair up to 1.185 zone on 2nd try. 1.18 turned into support and another run started. Closed the week above Y+1 and midpoint.
Outlook
1.18 support points to the potential parabolic run to Y+3 or 1.20 zone. If we see break down below B-0 without a run above B+2 first, a pullback to B-2 is likely.
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