Trading Edges That Last
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As Featured In
AUDUSD Apr 01 to Apr 05 Outlook
Lawrence’s Comment
More upside as expected. Consolidated around Y+1. Closed the week near Y-0 and below midpoint.
Outlook
First week long pullback. as long as Y-0 / B-1 acting as support, B-0 is in play. Clearing B-0 will give us another run to new high.
The strength in Aussie heavily depends on gold and gold does not look bullish at all on weekly. Beware of gold collapses suddenly which will in turn dragging Aussie lower.
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