Lawrence's Comment
Recap
Y+1 turned into support. Consolidation in a tight range as expected. Closed the week near week high.
Outlook
Y+1 acting as support gives Aussie a better odds now to ...
Lawrence's Comment
Recap
Y-1 failed to hold up the pair. Y-0 was not even challenged from below. Closed the week, however, above Y-1.
Outlook
Opened the door to test Y-2 below. Breaking ...
Lawrence's Comment
Recap
Dropped to Y-1 as expected. Bounced back immediately. Y-0 resistance stopped the bounce. Closed the week below Y-0 and midpoint.
Outlook
4 Hour down channel established. Until break out ...
Lawrence's Comment
Recap
Feb close did not even attempt to hold up at Y-1 and slided to 50% downside expansion target at Y-2. The bounce was stopped right at Y-1 ...
Lawrence's Comment
Recap
Upside target of current year high is tagged. Not quite an explosive up swing but also not quite a drift up. Closed the week above Y+2 and ...
AUDUSD Nov 10 to Nov 14 Outlook
Lawrence’s Comment
Whiplash played out as expected. got down to target around Y-3 before support is found. Closed the week below Y-2 and midpoint.
Outlook
A crossroad here for Aussie. Being able to clear B-0 and that turning into support we get B+1 and probably Y-0 again.
As long as B-0 / Y-2 acting as resistance, Aussie may have to retest B-1 again.
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