Trading Edges That Last
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As Featured In
USDCAD Jul 01 to Jul 05 Outlook
Lawrence’s Comment
As expected, Loonie consolidated around Y+1. Closed the week above Y+1 and midpoint.
Outlook
Bullish setup for US dollar to further strengthen against Loonie as consolidation ended with a close above Y+1 and midpoint. That means clearing B+1 will give us a run to B+3 easily. Not a good time to go against the trend until B-1 is breached.
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