Lawrence's Comment
Recap
Got upside breakout yet stopped in the middle of the move. 2nd try to push higher failed to clear the week high. Once Y+1 was breached, stops were raided ...
Lawrence's Comment
Recap
Downside 2200 target tagged. Then failed to hold and break lower to next support zone around 2150. Closed the week at the low of the week.
Outlook
Given the momentum ...
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AUDUSD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Congestion between Y-0 and Y+1 as expected.
Outlook
It is obvious that aussie is having difficulty in getting to Y+1. A turn down from B+1 implies a quick test of B-1 in play.
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