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Lawrence's Comment Recap Rallied back to Y-0 as expected and in fact back up to Y+1 in one swing. Spend the rest of the week consolidating around Y+1. Outlook The strength of ...READ MOREDow 30 Oct 04 to Oct 08 OutlookPrecog Vision – Forex 2019-1-293DP Odds Table (AUDUSD) 2015-09-16Hot n Cold (AUDUSD) 2019-4-5Precog Vision – Forex 2012-4-6Hot n Cold (AUDUSD) 2011-4-273DP Odds Table (AUDUSD) 2018-10-12GBPUSD Mar 07 to Mar 11 Outlook3DP Odds Table (AUDUSD) 2019-07-12Weekly Cycle Projection (AUDUSD) 2020-12-28
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AUDUSD Oct 08 to Oct 12 Outlook
Lawrence’s Comment
Initially bounced off Y-1 but failed to go above Y-0. That caught a lot of people by surprise. Surprise breakout points to normal expansion target of Y-3 and that was tagged later in the week. Closed the week at the low, below Y-3.
Outlook
A flush is in process. Bottom picking will be difficult and not necessary.
A sharp reversal back up above B-0 will stage a bounce / pullback to at least B+1. From there we can figure out if Aussie dollar has found its bottom.
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