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As Featured In
AUDUSD Feb 14 to Feb 18 Outlook
Lawrence’s Comment
Was looking for a pullback to Y-0 for confirmation of the strength of the rally. That turned into a full scale selloff. Interesting that it closed at right at Y-0.
Outlook
Closing at Y-0 means some kind of equalibrium is reached at current price level. Thus the pair is likely going into congestion, trapped between B-0 and B-1. A break of B-1 means B-2 will be tested quickly.
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