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Lawrence's Comment
Recap
Classic consolidation near Y+1 at 50% of previous week range. Closed the week above midpoint and Y+1.
Outlook
Probably no direction until after new year. As long as B-1 ...
Lawrence's Comment
Recap
Y-0 acted as support as expected and a double bottom was formed late in the week to break the Y+1 resistance.
Outlook
As long as B-0 to Y+1 acts as ...
AUDUSD Apr 21 to Apr 25 Outlook
Lawrence’s Comment
Mon/Tue produced a swing high allowing us to join the continuation sell later in the week. Closed the week below Y-0 and near week low.
Outlook
The selling is not completed. A drop to B-2 is still likely. Clearing B-0 implies a retest of Y+1 in play.
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