Trading Edges That Last
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AUDUSD Jun 24 to Jun 28 Outlook
Lawrence’s Comment
4 hour bear flag breakdown gave us a selloff down to Y-1. The gold flush to new low did the rest and kept Aussie staying around Y-2. Closed the week near week low and below Y-1.
Outlook
Aussie is still moving in sync with gold. Should gold find a bottom in coming few weeks, Aussie should find its bottom too.
As long Y-1 acting as resistance, no point to pick bottom yet.
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