Recap Another one pullback to Y-0 as expected. The interesting thing though is that it took Aussie almost the full week to get down there. Closed the week above Y-0 and below midpoint.
Outlook Retest of B+1 / Y+1 in play as long as B-1 is acting as support. Whole week last week is a bull flag so as long as the formation is intact cannot turn bearish on this.
Lawrence's Comment
Recap
Unlike Dow, no strong pullback registered. As expected, NQ is the strongest of the 3 indices hence it consolidated around Y+1 area. Closed the week near week ...
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AUDUSD Dec 03 to Dec 07 Outlook
Lawrence’s Comment
Another one pullback to Y-0 as expected. The interesting thing though is that it took Aussie almost the full week to get down there. Closed the week above Y-0 and below midpoint.
Outlook
Retest of B+1 / Y+1 in play as long as B-1 is acting as support. Whole week last week is a bull flag so as long as the formation is intact cannot turn bearish on this.
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