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AUDUSD May 06 to May 10 Outlook
Lawrence’s Comment
Aussie tried to hold above Y+1 but failed. That opened the door to Y-1 retest. Got the retest done and bounced off since. Closed the week above midpoint and Y-0.
Outlook
2nd reject of Y-1 / B-1 points to potential important bottom in place. If Aussie can clear B+1 in 1 go we have double bottom in place with target of B+3.
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