Trading Edges That Last
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As Featured In
AUDUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Stopped right at the resistance zone mentioned last week. Sold off to Y-0 with very strong reaction to the price level, implying that Y-0 is strong support and that it is not that easy to break below the level. Second try to test the level resulted in a bounce to close the week at B-0.
Outlook
As long as the pair holding up above B-1, B+2 is in play. The uptrend is now established.
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