Lawrence's Comment
Recap
Consolidation as expected in tight range. Cable simply sit at equal distance from Y-0 waiting for something to move it. Closed the week near Y-0 and midpoint.
Outlook
Inside ...
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AUDUSD Apr 27 to May 01 Outlook
Lawrence’s Comment
Best behaving pair last week. Consolidation around previous week close at 50% week range. Closed the week near Y+1 and week high.
Outlook
Breakout above Y+1 / B+1 points to quick test of B+2. FBO against B+1 below B+2 will drop Aussie back down to B-1 and likely lower.
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