Trading Edges That Last
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As Featured In
AUDUSD May 07 to May 11 Outlook
Lawrence’s Comment
Did not push higher at all. First drop to Y-0 did not even hold above Y-0. That opens the door to Y-1. Closed the week well below Y-1 near Y-2.
Outlook
Total mess in terms of PA. Traders on both sides are trapped.
A flush to Y-2 likely results in a bounce to Y-1.
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