Trading Edges That Last
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AUDUSD Apr 07 to Apr 11 Outlook
Lawrence’s Comment
Consolidation with pullback to target mentioned last week. No real action until end of week tension increased between US and Russia. Closed the week near Y+1 and B+1.
Outlook
Above B+1 we get B+2, that requires gold to strengthen though.
The more interesting setup is that Aussie breaking B-1 decisively, a drop to B-3 likely.
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