Trading Edges That Last
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AUDUSD Oct 12 to Oct 16 Outlook
Lawrence’s Comment
Upside swing expectation played out. Y+2 and Y+3 tagged quickly turned the week into all out short squeeze. 200% range expansion reached. Closed the week above Y+4 and near week high.
Outlook
Gold strengthen played an important role in the performance of Aussie last week. The push to Y+3 was expected but the extra run to Y+4 was luck. FBO against B+1 will point to a pullback down to Y+3 / B-0 first. Consolidation after wide range week is normal.
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