Trading Edges That Last
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As Featured In
USDCAD Nov 25 to Nov 29 Outlook
Lawrence’s Comment
As mentioned last week, loonie depends on gold to hold it up. The moment gold breached its support, loonie collapsed spiking the pair up to Y+2. Closed the week below Y+1 and above midpoint.
Outlook
B-0 / Y-0 very strong support zone. Until it is cleared, retest of B+1 likely and more upside is expected.
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