Recap Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook Support held up well. Following the chopping up drift in gold closely. Retest of B+1 is likely.
Lawrence's Comment
Recap
Ninja chose to go lower at the beginning of the week and it dropped straight down to prior support and bounced. Breaking about the resistance down trend line on ...
Lawrence's Comment
Recap
Strong reactions around Y-1. 100% absolute range expansion capped the moves. Closed the week below Y-1 and midpoint.
Outlook
Y+1 now important resistance to clear to confirm weekly pullback ...
AUDUSD Jan 19 to Jan 23 Outlook
Lawrence’s Comment
Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook
Support held up well. Following the chopping up drift in gold closely. Retest of B+1 is likely.
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