Trading Edges That Last
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As Featured In
AUDUSD Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Lower open did not breach the breakout boundary. Yet first try to go higher stalled below Y+1. Successfully defended defended week low leading to upside breakout to Y+2. Closed the week above Y-0 and midpoint.
Outlook
Outside week and breached the breakout boundary yet failed to close above Y+1. Typical low volume envrironment with false breakout everywhere. Need Aussie to find support at Y-0 and start going higher to confirm the upside breakout. Upside target B+2.
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