Lawrence's Comment
Recap
Mentioned hands off this pair last week. It was a good decision. Euro managed to hold Y-0 and pushed higher since. Not only did it managed to clear Y+1, ...
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Lawrence's Comment
Recap
Spike high followed by strong reaction back down below Y+1. Consolidation play with 50% range as expected. Closed the week above Y-0 and near week low.
Outlook
Y-0 is still in ...
AUDUSD Dec 02 to Dec 06 Outlook
Lawrence’s Comment
As expected, Aussie dropped below B-1. Since then it has consolidated around 50% previous week range. Closed the week below Y-1 and midpoint.
Outlook
Until Aussie can stage a strong reversal rally back above B+1, it is likely to continue its down trend.
Mentioned in MBO newsletter the condition for gold to go higher. Once gold has its down trend broken, Aussie can rally back up higher.
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