Trading Edges That Last
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As Featured In
AUDUSD Jun 08 to Jun 12 Outlook
Lawrence’s Comment
FBO against Y-1 early in the week gave us a run towards Y+1. Yet, 100% absolute range expansion stopped the attempt below Y+1. Aussie dropped back down all the way. Closed the week near Y-1 and week low.
Outlook
B-2 and B-3 in play if B-1 / Y-1 zone turns into resistance. To break the daily down trend a strong move above B+1 is necessary.
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