Trading Edges That Last
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AUDUSD Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Y-0 failed to act as support when the pair staged a 1-2-3 sell to break below Y-0. The normal target of Y-1 was tagged mid week. Closed the week below Y-1 and at the low of the week.
Outlook
The Y-2 target should be tagged early in the week. As long as Y-1 to B-0 acts as resistance, more downside is expected.
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