Trading Edges That Last
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AUDUSD Oct 06 to Oct 10 Outlook
Lawrence’s Comment
Wedge broken to the upside, retest the wedge resistance trend line from above. Strong bounce up to first swing resistance and stalled. Closed the week below Y-1 and near week low.
Outlook
First attempt to break the daily down trend failed. If Aussie finds support around B-1 and break above B-0 decisively, B+2 is likely.
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