Recap Y-0 resistance sent Aussie down to Y-1 and the original down side target. Y-1 turning into resistance gave way to Y-2. Closed the week below Y-2 and at week low.
Outlook More down side is expected. A bounce to B-0 is possible but not necessary. Down trend in force until Aussi can sit above B-0 as support.
Lawrence's Comment
Recap
Trapped between Y-0 downto Y-1. Nothing much happened for the pair.
Outlook
Bottoming formation promising but not in place yet.
Must successfully break above B+1 and that turning into ...
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Lawrence's Comment
Recap
Perfect weekly bullish mean rejection. 100% absolute range expansion ended the move. Closed the week above Y+1 and midpoint.
Outlook
More upside is expected as long as B-0 is acting as ...
Lawrence's Comment
Recap
Y-0 acted as support and we got the breakout to Y+2. But the rally did not last. Y+1 not even acting as support when news hit and ...
Lawrence's Comment
Recap
Original accessment that Dow would consolidate between Y-0 and Y+1 was correct for the first part of the week. Then the b.s. gap up in mid-week failed to pop ...
AUDUSD Sep 07 to Sep 11 Outlook
Lawrence’s Comment
Y-0 resistance sent Aussie down to Y-1 and the original down side target. Y-1 turning into resistance gave way to Y-2. Closed the week below Y-2 and at week low.
Outlook
More down side is expected. A bounce to B-0 is possible but not necessary. Down trend in force until Aussi can sit above B-0 as support.
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