Recap Not only we got Y+2, Y=3 was almost tagged by end of the week as well. Closed the week above Y+2.
Outlook Both Aussie and Loonie are driven by metal prices. As gold put in place its bottom last week with a strong rally, both currencies have no choice but to strengthen.
Long term bottom is likely in place hence will look for long only on this pair.
Lawrence's Comment
Recap
Ninja held support, no follow-thru to the downside as expected. A spike back up to Y+1 failed to hold, gave us a drop to Y-0 and eventually Y-1. Closed ...
Lawrence's Comment
Recap
As projected last week, a test of resistance first and then a drop to target below. Very orderly. Closed the week above midpoint and Y-1.
Outlook
Support zone acted ...
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AUDUSD Sep 17 to Sep 21 Outlook
Lawrence’s Comment
Not only we got Y+2, Y=3 was almost tagged by end of the week as well. Closed the week above Y+2.
Outlook
Both Aussie and Loonie are driven by metal prices. As gold put in place its bottom last week with a strong rally, both currencies have no choice but to strengthen.
Long term bottom is likely in place hence will look for long only on this pair.
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