Trading Edges That Last
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As Featured In
USDCAD Jan 23 to Jan 27 Outlook
Lawrence’s Comment
As oppose to retest Y+1, Loonie did a 1-2-3 sell off Y-0 right from the start of the week. That points to at least a retest of Y-1. 100% absolute range expansion reached and bounced back to midpoint before closing lower.
Outlook
B-1 retest likely.
Breaking below points to a potential 3rd push down to 1.00 area.
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