Trading Edges That Last
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As Featured In
AUDUSD Dec 16 to Dec 20 Outlook
Lawrence’s Comment
First move to test Y+1 found resistance. Gave us Y-1 target. Dropped to Y-1 and breached the support as if it is not there. Closed the week below Y-1 and below midpoint.
Outlook
As mentioned last week once Y-1 is cleared the target is Y-3. It is now half way thru. More downside is expected. Y-1 / B-0 should cap any upside move for now.
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