Trading Edges That Last
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AUDUSD Oct 01 to Oct 05 Outlook
Lawrence’s Comment
Pullback continued. Y-1 breached yet rallied all the way back to print the high of the week first before stalling back down. Closed the week near Y-1 and below midpoint.
Outlook
If Y-1 acts as support this week, we then know last week was a false breakout. That points to a rally back up to Y+1 as long as Y-1 acts as support.
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