Recap Aussie held previous week close and pushed higher to Y+1 and above. Y+1 failed to act as support and led to a drop back down to week low. Closed the week above Y-0 and near midpoint.
Outlook Y+1 /B+1 resistance will send Aussie back down to B-1 and B-2.
Lawrence's Comment
Recap
As predicted last week, the pair failed to take out the resistance zone and is forced to go lower. The whole week is just 50% of the ...
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Lawrence's Comment
Recap
2-way action around previous week close. Head and shoulder breakdown capped by higher timeframe support below and led to a squeeze higher back up to shoulder top. Closed the ...
Lawrence's Comment
Recap
Y-0 acted as support on first test but failed to hold up loonie afterwards, that opened the door to tag Y-1 and Y-2. Closed the week near Y-2.
Outlook
The ...
AUDUSD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Aussie held previous week close and pushed higher to Y+1 and above. Y+1 failed to act as support and led to a drop back down to week low. Closed the week above Y-0 and near midpoint.
Outlook
Y+1 /B+1 resistance will send Aussie back down to B-1 and B-2.
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