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Lawrence's Comment Recap 17000 round number support sparked a strong rally back up to 17700. Reactions to FOMC decision the day after were opposite to what most people expected. Beautiful drop back ...READ MORELawrence's Comment Recap Monthly level weaknesses continues. Attempt to clear Y-0 failed leading to selloff down to Y-3 normal target. Closed the week near Y-3 and week low. Outlook Short term support ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREWeekly Cycle Projection (AUDUSD) 2019-06-24Intraday Cycle Projection (AUDUSD) 2022-08-12Dow 30 Dec 21 to Dec 25 OutlookIntraday Cycle Projection (AUDUSD) 2015-03-273DP Odds Table (AUDUSD) 2022-02-23GBPUSD Feb 13 to Feb 17 OutlookGBPUSD Jan 18 to Jan 22 Outlook3DP Odds Table (AUDUSD) 2014-05-213DP Odds Table (AUDUSD) 2020-12-24Precog Vision – Forex 2015-2-23
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AUDUSD Nov 25 to Nov 29 Outlook
Lawrence’s Comment
A forced rally early in the week due to the bull trap from gold tagged Y+2 but it did not last. The dirty bottom at Y-1 was retested as expected and blasted through. Aussie flushed down to Y-3. Closed the week near Y-3 and week low.
Outlook
Just like gold itself, Aussie just cannot build a bottom in the middle of nowehre. More downside is expected.
Until Aussie can stage a bottom setup at B-1, not looking for long.
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