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Lawrence's Comment
Recap
Gap down in beginning of the week failed to gap below Y-1 to trigger the melt down scenario. That gave fuel to ES for a rally to ...
USDCAD Feb 15 to Feb 19 Outlook
Lawrence’s Comment
Sideway actions as expected. 50% range all week. Closed the week below Y-0 and midpoint.
Outlook
Compression gives us breakout mode. Potential slingshot move with Y-1 being retested first and if that holds, leading to a run back up to Y+1.
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