Recap Channel support breached gave us Y-1 as expected. Wild up swing testing the channel support from below failed to clear the resistance and sent Aussie down to Y-1 again. Closed the week near Y-1 and week low.
Lawrence's Comment
Recap
Y-1 never touched resulting in a 1-2-3 buy on 4 hour to go higher. Y+2 tagged before rsistance is found. Closed the week below midpoint and Y+1.
Outlook
Potential weekly FBO. ...
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Lawrence's Comment
Recap
Consolidation as expected. Developed the top 1/2 first then dropped down to near Y-1 for a test. Closed the week below Y-0 and midpoint.
Outlook
Y-1 / B-1 support ...
AUDUSD Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Channel support breached gave us Y-1 as expected. Wild up swing testing the channel support from below failed to clear the resistance and sent Aussie down to Y-1 again. Closed the week near Y-1 and week low.
Outlook
Break of B-1 will give us B-3 quickly.
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