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AUDUSD Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Y-0 resistance gave us a drop to Y-1 support area. Support breached with a bounce that failed to clear the former support. Closed the week below Y-1 and near week low.
Outlook
Breakout setup from last week now confirmed. Y-3 in play as long as Y-1 / B-0 continue to cap any bounce attempts.
Clearing B-0 will give us a quick run to B+1.
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