Lawrence's Comment
Recap
The interesting scenario mentioned last week has unfolded. Closed the week below midpoint.
Outlook
A break of B-1 and closing the week below that implies a w. upthrust on weekly ...
Lawrence's Comment
Recap
Sold off to below 1.30 triggered intervention by spreading rumors and speculative news again. Closed the week below Y-0 and above midpoint.
Outlook
Below 1.30 is rejected due to ...
AUDUSD Aug 27 to Aug 31 Outlook
Lawrence’s Comment
No major selloff. Just consolidation around Y-1 with spikes to Y-0 that failed to go higher. Closed the week below Y-1.
Outlook
Still within the context of a pullback.
If we get some nice bottoming action this coming week, swing long should take this up to at least B+3.
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