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Lawrence's Comment Recap News shock sent cable back down to Y-1 and 100% range expansion. Stops were triggered and led to further downside to Y-2 before support is found. Closed the week ...READ MORELawrence's Comment Recap Support discovered below Y-1 and Aussie went into consolidation since. Closed the week near Y-1 and below midpoint. Outlook Y-1 support will produce a short term bottom with upside ...READ MORE3DP Odds Table (AUDUSD) 2012-03-13GBPUSD Sep 28 to Oct 02 OutlookS&P 500 Jan 30 to Feb 03 Outlook3DP Odds Table (AUDUSD) 2020-08-04GBPUSD Sep 28 to Oct 02 OutlookAUDUSD Feb 06 to Feb 10 OutlookAUDUSD May 30 to Jun 03 Outlook3DP Odds Table (AUDUSD) 2012-07-18Intraday Cycle Projection (AUDUSD) 2020-12-02AUDUSD Aug 21 to Aug 25 Outlook
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AUDUSD Nov 25 to Nov 29 Outlook
Lawrence’s Comment
A forced rally early in the week due to the bull trap from gold tagged Y+2 but it did not last. The dirty bottom at Y-1 was retested as expected and blasted through. Aussie flushed down to Y-3. Closed the week near Y-3 and week low.
Outlook
Just like gold itself, Aussie just cannot build a bottom in the middle of nowehre. More downside is expected.
Until Aussie can stage a bottom setup at B-1, not looking for long.
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