Lawrence's Comment
Recap
Did not retest Y-1. Instead, holding at Y-0 and breakout of Y+1, triggering the target of Y+3. Closed the week above Y+3.
Outlook
This week due to the S&P downgrade, ...
Lawrence's Comment
Recap
Made new high early in the week. A complex 3 push formation sent the pair lower to 50% absolute expansion and bounded from there. 1-2-3 sell off from ...
Lawrence's Comment
Recap
Y-1 failed to act as support thus turning Y-0 into resistance zone. The pair then dropped from Y-0 down to Y-2 and closed the week there.
Outlook
Uptrend in Aussie ...
AUDUSD Oct 17 to Oct 21 Outlook
Lawrence’s Comment
Breakout above Y+1 and that turned into support, giving us the classic STOPD run to Y+3. Isn’t that simple enough?
Outlook
As long as B-0 acts as support, uptrend intact and looking for higher price in coming weeks.
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