Recap 4 hour bear flag breakdown gave us a selloff down to Y-1. The gold flush to new low did the rest and kept Aussie staying around Y-2. Closed the week near week low and below Y-1.
Outlook Aussie is still moving in sync with gold. Should gold find a bottom in coming few weeks, Aussie should find its bottom too.
As long Y-1 acting as resistance, no point to pick bottom yet.
Lawrence's Comment
Recap
As expected ES dropped down to the Y-2 and Y-3 area and fighted hard to hold up. Y-0 acting as resistance forced a retest of week low made on ...
Lawrence's Comment
Recap
As expected, trapped long from before making Euro not able to clear Y+1 and was forced back down to Y-0 for a retest. Consolidation action at 50% previous week ...
Lawrence's Comment
Recap
FBO against Y-1 gave us Y-0 test. Y-0 could not stop cable from going higher and turned into stop run. Cable essentially moved back to the crime scene where ...
AUDUSD Jun 24 to Jun 28 Outlook
Lawrence’s Comment
4 hour bear flag breakdown gave us a selloff down to Y-1. The gold flush to new low did the rest and kept Aussie staying around Y-2. Closed the week near week low and below Y-1.
Outlook
Aussie is still moving in sync with gold. Should gold find a bottom in coming few weeks, Aussie should find its bottom too.
As long Y-1 acting as resistance, no point to pick bottom yet.
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