Recap Whole week was consolidation within Y-1 to Y-0. Closed the week right below Y-0.
Outlook As stated previously, further weaknesses is expected. The past week formed a bear flag (or a weak upside channel). A break below B-0 means B-2 is in play.
Lawrence's Comment
Recap
Start the week with a pullback to Y-0 and bounced off. The pop failed to go higher and broken below Y-0. 1-2-3 sell triggered with Y-1 target ...
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Lawrence's Comment
Recap
Failed to hold Y-1, got the flush to Y-3 as expected. Closed the week below midpoint and near Y-2.
Outlook
Daily uptrend is now broken. As long as B-0 ...
AUDUSD May 23 to May 27 Outlook
Lawrence’s Comment
Whole week was consolidation within Y-1 to Y-0. Closed the week right below Y-0.
Outlook
As stated previously, further weaknesses is expected. The past week formed a bear flag (or a weak upside channel). A break below B-0 means B-2 is in play.
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