Trading Edges That Last
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USDCAD Sep 23 to Sep 27 Outlook
Lawrence’s Comment
Just like Aussie, Loonie consolidated around Y-1 until Fed announcement. Then Loonie jumped with gold. After Y-3 was tagged strong reaction was resulted. Closed the week at Y-1 and above midpoint.
Outlook
Annoying situation like Aussie where the end of week bounce was not strong enough to be called a reversal. Need to clear B+1 before we get a confirmed low in place. Rejected in the Y-1 to B+1 zone will send this back down to at least B-0.
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