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Lawrence’s Comment
Sold off straight down to Y-2 target opened the door to Y-3. Stair step action going down until 100% absolute range was reached. Closed the week below Y-2 and near week low.
Outlook
Weaknesses in gold contributed to the weaknesses in Aussie. This kind of wedging action cannot last though. Once Aussie can move above B-0 and turn that into support, it can easily tag B+2 in 1 go.
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