Lawrence's Comment
Recap
The outside week setup did not produce a direction for us. Instead, Aussie pushed all the way back up and consolidated within Y-1 to Y+1. Y-0 did not act ...
Lawrence's Comment
Recap
Y-0 down to Y-1 acted as support as expected but the rally failed to retest Y+1 as the second half of the week we got more news shocks ...
AUDUSD Dec 26 to Dec 30 Outlook
Lawrence’s Comment
Bullish scenario happened where Y-0 was taken out quickly. Y+1 target reached. Stalled back down to Y-0. Closed the week above midpoint.
Outlook
Strong reaction at Y+1 indicates strong resistance zone encountered.
As long as B-0 acts as support, a good chance that B+1 will be taken out with B+2 target.
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