Recap A quick run to Y+2 has broken the down trend. Aussie fought hard to hold up at the midpoint of its run. Closed the week above Y+1 and near week high.
Outlook Sudden strength in Aussie created the potential of a short term rally once B+1 is cleared. If B+1 / Y+2 stops the run, Aussie will have to back off and retest Y-0 and below.
Lawrence's Comment
Recap
First move taken out 82 early in the week, staged a strong comeback potential. After testing previous week low again, did a 1-2-3 buy and tagged target ...
Lawrence's Comment
Recap
What a week with euro. Upside breakout first only to close the open gap above and collapsed right back below Y+1 and going all the way back down to ...
AUDUSD Aug 10 to Aug 14 Outlook
Lawrence’s Comment
A quick run to Y+2 has broken the down trend. Aussie fought hard to hold up at the midpoint of its run. Closed the week above Y+1 and near week high.
Outlook
Sudden strength in Aussie created the potential of a short term rally once B+1 is cleared. If B+1 / Y+2 stops the run, Aussie will have to back off and retest Y-0 and below.
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