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As Featured In
AUDUSD Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Did not stop at the Y-0 resistance. Instead, formed a double top to break back down before Y-0. That ensured Y-1 to be retested. At 100% absolute range expansion, the low is formed. Closed the week near Y-0.
Outlook
1.07 and 1.05 are both rejected. No clear direction for aussie until after either side is taken out.
Consolidation between Y-0 and Y-1 likely.
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