Recap Equal distance consolidation off open of the week. 1-2-3 buy off round # 0.745 sent Aussie back up to Y-0 / round # 0.760. Closed the week below Y-0 and above midpoint.
Outlook Down channel intact. Until B+1 is cleared and turning into support, Aussie will likely be forced to retest B-1.
Lawrence's Comment
Recap
Y-0 acted as support helping euro to clear Y+1 in 1 go. Y+2 tagged and Y+1 turned into support for breakout play towards Y+3. Y+4 tagged and stopped the ...
Lawrence's Comment
Recap
No quick drop and bounce. Just slow motion selloff all the way. Paused at Y-2 but failed to bounce at all. Ended the week after tagging Y-3 and ...
Lawrence's Comment
Recap
Gap down but ran back up immediately to close the gap. Then failed to push higher and flushed down to Y-1 to test the support. Took off from there ...
AUDUSD Sep 05 to Sep 09 Outlook
Lawrence’s Comment
Equal distance consolidation off open of the week. 1-2-3 buy off round # 0.745 sent Aussie back up to Y-0 / round # 0.760. Closed the week below Y-0 and above midpoint.
Outlook
Down channel intact. Until B+1 is cleared and turning into support, Aussie will likely be forced to retest B-1.
Share