Recap of Last Week Test of previous month low early in the week and failed to hold, yet defended the prior week low, leading to a bounce taking out ...
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AUDUSD Jan 04 to Jan 08 Outlook
Lawrence’s Comment
Aussie consolidation around Y+1 in tight range. Closed the week near Y+1 and midpoint.
Outlook
Wait and see mode as Aussie parked at the same level again. Breaking below B-1 and that turning into resistance points to B-2 and below.
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