Recap Pulled back to our downside target from last week then consolidate. Retest of Y+1 failed to breakout to the upside.
Outlook Direction is not established from the test. Hence we need to breakout of the range B+1 and B-1 for confirmed rally continuation or a DT in the making.
Lawrence's Comment
Recap
Gap above Y+1 and failed to hold above. That opened the door to Y-0. Dropped straight down to below Y-0, opening the door to Y-1 with previous week close ...
Lawrence's Comment
Recap
FBO scenario played out. Easy drop to target by the end of the week. Closed the week below Y-1 and near week low.
Outlook
Daily up trend ended with ...
AUDUSD Jul 11 to Jul 15 Outlook
Lawrence’s Comment
Pulled back to our downside target from last week then consolidate. Retest of Y+1 failed to breakout to the upside.
Outlook
Direction is not established from the test. Hence we need to breakout of the range B+1 and B-1 for confirmed rally continuation or a DT in the making.
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