Recap Y+1 resistance sent Aussie lower back down to Y-0. Y-0 support pushed Aussie back up above Y+1. Previous week close turning into support gave aussie one more push higher. Closed the week near Y+1 and above midpoint.
Outlook Aussie rising wedge in the making. Y+1 / B-0 support can send Aussie higher to Y+2 and above. Breaking below points to retest of Y-0 / B-1.
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Lawrence's Comment
Recap
As expected, not much movement for this pair due the rally made the week before this past week takes some time for the players to digest. The ...
Lawrence's Comment
Recap
The bounce to Y-0 scenario unfolded exactly as described last week. The wait and see part at Y-0 turns into the bearish setup of trading below Y-1, pointing ...
Lawrence's Comment
Recap
Another pair that started out with a quiet week led to an explosive upside stop run. Closed the week near Y+1 and above midpoint.
Outlook
2nd time spike higher trying to ...
Lawrence's Comment
Recap
News shock over weekend helped Dow to open above Y-0 which ignited a squeeze to the crime scene where the previous breakdown started. Bad news hit the next day ...
AUDUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
Y+1 resistance sent Aussie lower back down to Y-0. Y-0 support pushed Aussie back up above Y+1. Previous week close turning into support gave aussie one more push higher. Closed the week near Y+1 and above midpoint.
Outlook
Aussie rising wedge in the making. Y+1 / B-0 support can send Aussie higher to Y+2 and above. Breaking below points to retest of Y-0 / B-1.
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