Trading Edges That Last
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As Featured In
USDCAD Jul 23 to Jul 27 Outlook
Lawrence’s Comment
A forced flush down to Y-2. Closed the week at Y-1 and midpoint.
Outlook
Definitely trying hard to form a bottom here. The process, however, can take some time to develop.
Breakout above B+1 will lead to a short squeeze with Y+1 to B+3 as target zone.
The more likely scenario is that Loonie stays in a tight range below B+1.
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