Recap Y-0 did not act as resistance after open gave us a clue that it would not hold on 2nd try. Into mid week, Y-0 cleared and gave us Y+1 target. Strong reaction to Y+1 but Y-0 held up well. Closed the week above Y-0 and midpoint.
Outlook Y-0 confirmed support, B+2 this week likely.
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Lawrence's Comment
Recap
Consolidation into NFP Friday as expected. Sudden weakening of USD against other majors on Friday gave the stock market strength to hold up. Closed the week above Y-0 and ...
AUDUSD Nov 17 to Nov 21 Outlook
Lawrence’s Comment
Y-0 did not act as resistance after open gave us a clue that it would not hold on 2nd try. Into mid week, Y-0 cleared and gave us Y+1 target. Strong reaction to Y+1 but Y-0 held up well. Closed the week above Y-0 and midpoint.
Outlook
Y-0 confirmed support, B+2 this week likely.
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