Trading Edges That Last
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As Featured In
AUDUSD Sep 15 to Sep 19 Outlook
Lawrence’s Comment
Aussie breached Y-0 and gave us a nice drop to Y-1. Failed to hold Y-1 and broke down to Y-2 and then Y-3 before it could bounce. Y-2 resistance sent it down to Y-4 eventually. Closed the week below Y-4 and near week low.
Outlook
Gold’s weaknesses foretell this pullback in Aussie a week ago. The extension to Y-4 was a surprise. Weekly trend is now down. B-0 strong resistance with lower price level expected early next week. Even if Aussie goes into consolidation, it will be wild swings both ways.
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