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Lawrence's Comment
Recap
No resistance at all from Y+1, as Aussie zoomed thru the price in 1 go. That put Y+3 in play. Ended up tagging Y+4 before it can ...
AUDUSD Aug 06 to Aug 10 Outlook
Lawrence’s Comment
Y+1 turned into support. Consolidation in a tight range as expected. Closed the week near week high.
Outlook
Y+1 acting as support gives Aussie a better odds now to push to Y+3.
If Aussie breaks below B-1 / Y+1 early next week, a flush to Y-0 is expected.
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