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
As war in Libya and natural disaster in Japan continues, the weaknesses in Aussie is completely reversed. Not even once on 4 hour chart that any kind of ...
Lawrence's Comment
Recap
Pullback happened, but the double top formation failed to break its neckline and turned into a classic ledge finding support at Y-0. Target Y+2 tagged by middle ...
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