Recap Keep drifting higher most of the week. Due to holiday week, 50% previous week range around Y+1 bounded the price actions. Closed the week near week low and below Y+1.
Outlook Failure to take out Y+1 / B-0 early next week means a push towards Y-0 is in play. As long as Y-0 can hold this up, looking for this rally to continue.
Lawrence's Comment
Recap
As expected, ninja retested Y-1. Yet, it failed to hold above Y+1 as support, leading to retest of Y-0 / previous week close. Consolidated since. Closed the week below ...
AUDUSD Jul 09 to Jul 13 Outlook
Lawrence’s Comment
Keep drifting higher most of the week. Due to holiday week, 50% previous week range around Y+1 bounded the price actions. Closed the week near week low and below Y+1.
Outlook
Failure to take out Y+1 / B-0 early next week means a push towards Y-0 is in play. As long as Y-0 can hold this up, looking for this rally to continue.
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