Trading Edges That Last
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AUDUSD Dec 08 to Dec 12 Outlook
Lawrence’s Comment
Aussie dropped to target as expected. Very orderly, no complex move to deal with. Closed the week below Y-2 and at week low.
Outlook
Aussie is developing a falling wedge / thin channel that cannot last. A flush type move without tagging B-2 follows by a quick snap back above B-1 will produce a short term bottom with upside target of B+1.
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