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AUDUSD May 16 to May 20 Outlook
Lawrence’s Comment
Consolidation with tight range around Y-1. Closed the weekbelow Y-1 and near week low.
Outlook
Waterfall effect points to potential drop down to Y-2 and Y-3 before support is found. Quick reversal back up above B+1 with Y-1 / B-0 support can lead to up drift with Y-0 target.
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