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.
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Lawrence's Comment
Recap
Multiple news shocks caused both Loonie and Aussie to swing wildly. This week is a good example showing that when the participants are more emotional, you get the ...
Lawrence's Comment
Recap
Similar jawboning and again 1.35 defended in an ugly fashion. Surprise jump higher squeezed euro above Y-0 by the end of the week. Closed the week above Y-0 and ...
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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