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Lawrence's Comment
Recap
Y-0 acted as resistance as expected and sent the pair to retest Y-1. Y-1 did not offer much support at all until 100% absolute range expansion is reached.
Outlook
1.6 ...
Lawrence's Comment
Recap
Nailed this one as early in the week it popped above Y+1 quickly setting the stage for a run to at least Y+2. Rallied all the way ...
AUDUSD Aug 13 to Aug 17 Outlook
Lawrence’s Comment
Another tight range week going nowhere. Near end of week the drop to Y-0 was bought up immediately. Closed the week near Y+1 and above midpoint.
Outlook
Clearing B+1 points to a quick pop to B+2 but that can be either an important top or straight up to B+3.
So early in the week if B-0 acts as support, the first play is to the upside for a wait and see at B+1.
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