Trading Edges That Last
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USDCAD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
FBO against Y+1 gave us a drop until 100% absolute range expansion. Since then bounced back up to week midpoint. Closed the week near Y-0 and below midpoint.
Outlook
Monthly bear flag with quarterly pullback time window used up. A sudden dip back down to B-2 potential. As long as the weaknesses is contained on monthly basis, we are looking for test of year in coming months.
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