Trading Edges That Last
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Lawrence's Comment Recap Test of daily level support as expected. Round turn reversal from Y-3 sent this back up to crime scene near Y-0. Closed the week below Y-0 and near week ...READ MOREHot n Cold (AUDUSD) 2023-5-1Intraday Cycle Projection (AUDUSD) 2021-02-15Intraday Cycle Projection (AUDUSD) 2013-11-28Precog Vision – Forex 2018-11-19Precog Vision – Forex 2022-8-23Intraday Cycle Projection (AUDUSD) 2012-02-13USDCAD Sep 12 to Sep 16 Outlook3DP Odds Table (AUDUSD) 2012-10-19Intraday Cycle Projection (AUDUSD) 2022-01-25USDCAD Apr 13 to Apr 17 Outlook
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AUDUSD Aug 05 to Aug 09 Outlook
Lawrence’s Comment
Aussie failed to clear Y+1, gave us the perfect selloff as mentioned last week back down to Y-2. Y-2 did not even put in a fight and gave us 200% absolute range expansion before finding support. Closed the week near week low and below Y-3.
Outlook
Aussie is a reflection of the gold weaknesses. The weaknesses with Aussie, however, requires not just gold moving up but above 1400 to give Aussie the backdrop to be able to hold up. Until then Aussie stays in longer term down trend.
Next week Aussie can bounce back up to B-0 if it can hold Y-3 and give us a 1-2-3 buy from there. Lack of a good bottom, consolidation around B-1 is expected.
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