Recap Pullback from Y+1 to Y-0 as expected. A sudden turn from above Y-1 breaking Y+1 points to Y+3 in play. Once Y+3 was tagged, the rest of the week went sideway.
Outlook The sudden rally is part of the sync USD trashing. As the target zone Y+3 was touched perfectly, the move is still a controlled move. Congestion between B-0 and B+1 likely with upside bias to tag Y+4.
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Lawrence's Comment
Recap
Went higher as expected. Then consolidated above Y+1. Closed the week at week high.
Outlook
More upside expected early next week.
Sudden reversal near Y+2 points to a drop ...
Lawrence's Comment
Recap
B-0 did not act as support earlier in the week. After breaking below Y-1, no more long interest showing up. A flush to below Y-2 by end ...
Lawrence's Comment
Recap
Selloff target Y-2 tagged first thing of the week. W. spring against Y-2 sent NQ back above Y-1. Again, another spring from Y-1 sent NQ up and gap ...
AUDUSD Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Pullback from Y+1 to Y-0 as expected. A sudden turn from above Y-1 breaking Y+1 points to Y+3 in play. Once Y+3 was tagged, the rest of the week went sideway.
Outlook
The sudden rally is part of the sync USD trashing. As the target zone Y+3 was touched perfectly, the move is still a controlled move.
Congestion between B-0 and B+1 likely with upside bias to tag Y+4.
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