Trading Edges That Last
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AUDUSD Dec 10 to Dec 14 Outlook
Lawrence’s Comment
The easy money last week. Rallied from Y-1 as expected and spiked through Y+1 to complete the retest. Closed the week near week high and below Y+1.
Outlook
The easy part is over. Holiday trading kicks in this week and the end of week weaknesses tell us that Aussie may need to pullback or consolidate here first.
Topping at Y+1 and 1-2-3 sell breaking B-0 will give us a quick run down to B-1. If B-1 failed to hold this up, a home run to B-2 is likely by end of the week.
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