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AUDUSD Aug 13 to Aug 17 Outlook
Lawrence’s Comment
Another tight range week going nowhere. Near end of week the drop to Y-0 was bought up immediately. Closed the week near Y+1 and above midpoint.
Outlook
Clearing B+1 points to a quick pop to B+2 but that can be either an important top or straight up to B+3.
So early in the week if B-0 acts as support, the first play is to the upside for a wait and see at B+1.
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