Trading Edges That Last
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AUDUSD Mar 21 to Mar 25 Outlook
Lawrence’s Comment
FBO against B+1 gave as sell off down to 100% absolutely range expansion. Buying discovered there produced a short squeeze straight back up to Y+1 and above. Tagged Y+2 and stalled. Closed the week near Y+1 and above midpoint.
Outlook
Y+1 / B-0 support will force a retest of B+1. B+1 acting as resistance will likely send Aussie back down to Y-0 and below crime scene.
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