Trading Edges That Last
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USDCAD Sep 01 to Sep 05 Outlook
Lawrence’s Comment
Rallied 1st to Y+1 without testing Y-0 set the stage for FBO back down to Y-1. Y-1 cleared with no resistance at all. Landed at Y-2 normal downside target. Closed the week near Y-1 and below midpoint.
Outlook
First crack of the bull move on daily. Weekly up trend is not damaged yet. Wide range week points to consolidation with B-0 to Y-0 strong resistance zone.
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