Recap No resistance at all from Y+1, as Aussie zoomed thru the price in 1 go. That put Y+3 in play. Ended up tagging Y+4 before it can pause. Violent pullback down to Y+1 for a test of support. Closed the week above Y+2 and midpoint.
Outlook Below 1.04 rejected with extreme reaction. As long as Y+1 holds, B+2 in play.
Lawrence's Comment
Recap
Another not so surprising attack against the bears last week. As mentioned last week, the gaps above were inviting Dow to revisit them quickly. The surprise was that it ...
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Lawrence's Comment
Recap
2nd inside week in a row. Magic buying above Y-1 sent ninja back up to Y-0. Stalled from there since. Closed the week below Y-0 and above midpoint.
Outlook
2nd inside ...
AUDUSD Jan 07 to Jan 11 Outlook
Lawrence’s Comment
No resistance at all from Y+1, as Aussie zoomed thru the price in 1 go. That put Y+3 in play. Ended up tagging Y+4 before it can pause. Violent pullback down to Y+1 for a test of support. Closed the week above Y+2 and midpoint.
Outlook
Below 1.04 rejected with extreme reaction. As long as Y+1 holds, B+2 in play.
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