Recap Like clock work, Aussie was the easiest play last week. Held Y-0 and move above Y+1 giving way to Y+2 my target. Then cleared Y+1 on a small pullback and zoom to Y+2. Closed the week at week high and near Y+2.
Outlook Unless B+1 turning into resistance, Aussie after being suppressed for so long can zoom higher still before settling down to consolidate.
If we get a 1-2-3 sell off B+1, a pullback to B-0 is likely.
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Lawrence's Comment
Recap
Tight range actions around Y-1 at 50% range. Consolidation during quiet last week of the year. Closed the week below Y-1 and midpoint.
Outlook
Wait and see time for ...
Lawrence's Comment
Recap
Y-0 acted as support helping euro to clear Y+1 in 1 go. Y+2 tagged and Y+1 turned into support for breakout play towards Y+3. Y+4 tagged and stopped the ...
AUDUSD Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Like clock work, Aussie was the easiest play last week. Held Y-0 and move above Y+1 giving way to Y+2 my target. Then cleared Y+1 on a small pullback and zoom to Y+2. Closed the week at week high and near Y+2.
Outlook
Unless B+1 turning into resistance, Aussie after being suppressed for so long can zoom higher still before settling down to consolidate.
If we get a 1-2-3 sell off B+1, a pullback to B-0 is likely.
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