Recap Rallied to the upside target of Y+2. Found resistance and sold off back down to Y-0 support. Y-0 could not hold it up, resulted in directional slide down to Y-2. Closed the week below Y-2 and near week low.
Outlook Gold found resistance above so Aussie has no choice but to drop with gold. As long as Y-2 / B-0 can cap any bounce, Aussie short term up trend is now over.
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Lawrence's Comment
Recap
Sell climax recorded in market breadth on Monday. Rally all the way back to our target Y+1 and exceeded that to almost reaching the 2nd target Y+2. Closed ...
Lawrence's Comment
Recap
Euro blasted through 1.14 level and triggered a squeeze. 1.17 monthly resistance was tagged and rejected. Euro then fall straight back down to Y+1. Y+2 resistance gave us a ...
AUDUSD Jan 20 to Jan 24 Outlook
Lawrence’s Comment
Rallied to the upside target of Y+2. Found resistance and sold off back down to Y-0 support. Y-0 could not hold it up, resulted in directional slide down to Y-2. Closed the week below Y-2 and near week low.
Outlook
Gold found resistance above so Aussie has no choice but to drop with gold. As long as Y-2 / B-0 can cap any bounce, Aussie short term up trend is now over.
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