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Lawrence's Comment
Recap
Looking for weaknesses last week and we got that. ES tagged the minimal 5% pullback for the seasonal bias and took off since. ES did not stop until hitting ...
USDCAD Aug 13 to Aug 17 Outlook
Lawrence’s Comment
Par level failed to hold induced a slide down to 0.99. Closed the week at the low below Y-2.
Outlook
Failing to hold par level means 0.98 in play as mentioned last week. So as long as B+1 acting as resistance long term bottom is not in place.
Will be interested in how Loonie reacts at the 0.98 level.
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