Trading Edges That Last
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As Featured In
USDCAD Jan 20 to Jan 24 Outlook
Lawrence’s Comment
Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint.
Outlook
1.08 to 1.10 was the long standing rate between USD and Loonie. As long as B+1 acting as resistance, it is likely to consolidate in this zone.
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