Recap Y-1 support forced a retest of Y-0. Y-0 failed to hold Aussie down and a jump to near Y+1 happened. Not enough fuel to get a test though. Closed the week above Y-0 and midpoint.
Outlook Inside week with midpoints close to each other is giving us a strong weekly breakout play. Breakout targets B+3 / B-3.
Lawrence's Comment
Recap
Ninja tried to hold previous week close early in the week. It even spiked higher but failed to stay above Y+1. FBO led to a drop to Y-0 and ...
AUDUSD Jun 15 to Jun 19 Outlook
Lawrence’s Comment
Y-1 support forced a retest of Y-0. Y-0 failed to hold Aussie down and a jump to near Y+1 happened. Not enough fuel to get a test though. Closed the week above Y-0 and midpoint.
Outlook
Inside week with midpoints close to each other is giving us a strong weekly breakout play. Breakout targets B+3 / B-3.
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