Trading Edges That Last
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As Featured In
AUDUSD Nov 28 to Dec 02 Outlook
Lawrence’s Comment
Failed to break above the resistance zone I mentioned last week, selloff continue. Closed the week near the low of the week.
Outlook
The down channel is intact but potential double bottom is in place. If rally above B-0, B+1 is in play.
It is more likely for the pair to stay below B-0. A test of B-0 from below that fails to take out B-0, will result in further sell off down to B-2.
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