Lawrence's Comment
Recap
The intervention I've been talking about happened. It illustrates why we cannot trade the short side of this pair when it was drifting downward as we cannot tell ...
Lawrence's Comment
Recap
Previous week close defended gave us a run for Y+2. Y+2 tagged and strong reaction there dropped Dow back down to Y+1. Closed the week near Y+1 and midpoint.
...
Lawrence's Comment
Recap
Y-0 down to Y-1 acted as support as expected but the rally failed to retest Y+1 as the second half of the week we got more news shocks ...
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AUDUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Y-1 test led to up drift for Y-0 all week. Closed the week near Y-0 and week high.
Outlook
Rising wedge breakdown points to test of B-1 / Y-1. Not supportive of gold rally. Further consolidation likely.
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