Trading Edges That Last
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AUDUSD Apr 09 to Apr 13 Outlook
Lawrence’s Comment
Y-0 acted as resistance and down trend continue as expected. Closed the week at Y-1.
Outlook
Interesting turning point in the making if the pair can jump up to B-0 and above right off the start of next week. The reason is that the spike low at B-1 resulted in a potential w. spring off Y-1. As long as Y-1 acts as support, Y+1 is in play.
As the reversal potential is there, will no longer look for continuation short again this week.
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