Trading Edges That Last
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AUDUSD Aug 29 to Sep 02 Outlook
Lawrence’s Comment
B-0 area acted as resistance most part of the week until Aussie eventually break above that and closed the week around Y+1.
Outlook
If B+1 acts as resistance sending the pair lower to below B-1, an important top is in place.
The difficulty here is that the markets are in general slower and more illiquid during this last week of August. So consolidation within B-0 upto B+2 is more likely.
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