Recap Dropped below Y-1 and popped back up immediately. That put Y-0 in play and tagged Y-0 quickly. Failure to go higher from Y-0 sent it back down to Y-1 again. This time it held up just fine, hence staged an explosive rally to above Y+1.
Outlook Outside reversal week implies higher price still. Should focus on the long side only until B-0 fails to hold as support.
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Recap of last week Previous week low tagged first as expected. Then previous month close acted as resistance, and run down to the target of previous month low - ...
AUDUSD Jul 02 to Jul 06 Outlook
Lawrence’s Comment
Dropped below Y-1 and popped back up immediately. That put Y-0 in play and tagged Y-0 quickly. Failure to go higher from Y-0 sent it back down to Y-1 again. This time it held up just fine, hence staged an explosive rally to above Y+1.
Outlook
Outside reversal week implies higher price still. Should focus on the long side only until B-0 fails to hold as support.
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