Recap Found support near Y-1 and started an up drift back to crime scene last week. Closed the week above Y-0 and midpoint.
Outlook Another pair with inside week formation. Bear flag on 4-hour and higher timeframes. Breaking bear flag support points to continuation sell below Y-1.
Lawrence's Comment
Recap
As expected, Aussie stalled at the resistance mentioned last week and flushed back down to below Y-1. Closed the week near week low and below Y-1.
Outlook
Aussie has dropped relatively ...
AUDUSD Aug 18 to Aug 22 Outlook
Lawrence’s Comment
Found support near Y-1 and started an up drift back to crime scene last week. Closed the week above Y-0 and midpoint.
Outlook
Another pair with inside week formation. Bear flag on 4-hour and higher timeframes. Breaking bear flag support points to continuation sell below Y-1.
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