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As Featured In
AUDUSD Aug 20 to Aug 24 Outlook
Lawrence’s Comment
B-0 did not act as support earlier in the week. After breaking below Y-1, no more long interest showing up. A flush to below Y-2 by end of the week. Closed the week below Y-2 and at week low.
Outlook
The pullback / consolidation on Aussie has finally started. The next support level below is B-2. Selling down to that slowly implies another up leg potential on higher timeframe.
Flushing through B-2 will invalidate the longer term bullish scenario.
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