Recap Aussie dropped from resistance zone mentioned last week, breaking Y-1 at the end of the week as expected. Closed the week below Y-1 and at week low.
Outlook 4 Hour head and shoulder in place with B-2 target in play. Y-1 now strong resistance.
Lawrence's Comment
Recap
Consolidation actions around Y+1 most part of the week. Jawboning happened by Japanese officials but no impact on the price actions so far. Closed the week above Y-0 and ...
AUDUSD Mar 09 to Mar 13 Outlook
Lawrence’s Comment
Aussie dropped from resistance zone mentioned last week, breaking Y-1 at the end of the week as expected. Closed the week below Y-1 and at week low.
Outlook
4 Hour head and shoulder in place with B-2 target in play. Y-1 now strong resistance.
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