Lawrence's Comment
Recap
Surprise rally tagging Y+1 negated the bear flag break on 4 hours and in turn giving us STOPD shcok breakout target of Y+3. Y+3 almost tagged and cable stalled ...
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Lawrence's Comment
Recap
Reacted at breakout upper boundary, sent Aussie back to Y-0. Y-0 acted as support, moved back up to Y+1. Closed the week below Y+1 and above midpoint.
Outlook
As long as ...
Lawrence's Comment
Recap
Sold off in the beginning of the week. Bounced off fib level (see USDCAD comment) and rallied all the way up to 200% absolute range expansion target. Ended ...
AUDUSD Jan 21 to Jan 25 Outlook
Lawrence’s Comment
Further consolidation around Y-0 area. End of week weaknesses failed to break the Y-1 support. Closed the week near week low and below Y-0.
Outlook
Inside week from daily up trend is bullish as long as Y-1 can keep Aussie from dropping.
A quick break below B-1 downto B-2 and then snap back up above B-1 will stage a rally to retest Y+1 year high.
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