Recap No resistance at all from Y+1, as Aussie zoomed thru the price in 1 go. That put Y+3 in play. Ended up tagging Y+4 before it can pause. Violent pullback down to Y+1 for a test of support. Closed the week above Y+2 and midpoint.
Outlook Below 1.04 rejected with extreme reaction. As long as Y+1 holds, B+2 in play.
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Lawrence's Comment
Recap
Bearish scenario unfolded exactly as predicted. Downside target B-2 tagged and closed the week below Y-1.
Outlook
A retest of B-1 is likely. B-0 should act as resistance until B-1 ...
Lawrence's Comment
Recap
Tight range consolidation around Y-1. Closed the week above Y-1 and midpoint.
Outlook
Retest B+1. If successfully taken out B+1, then B+2 to Y-0 is the target.
Lawrence's Comment
Recap
Just like the forex majors, Dow jumped higher right from the start and stayed there til Fed announcement. The odd thing though, is that the jump did not result ...
AUDUSD Jan 07 to Jan 11 Outlook
Lawrence’s Comment
No resistance at all from Y+1, as Aussie zoomed thru the price in 1 go. That put Y+3 in play. Ended up tagging Y+4 before it can pause. Violent pullback down to Y+1 for a test of support. Closed the week above Y+2 and midpoint.
Outlook
Below 1.04 rejected with extreme reaction. As long as Y+1 holds, B+2 in play.
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