Recap Y-0 to Y+1 was not even challenged. Aussie dropped straight down to Y-3 , the 200% range expansion target. Bounced back up from there to close near Y-1.
Outlook Down trend established. Y-1 to B+1 should act as strong resistance and a retest of B-1 is expected.
Lawrence's Comment
Recap
As expected, the pair moved above Y+1 quickly. The nice surprise was that the strength of the run not only carry the pair higher to Y+3 (normal breakout target) ...
Lawrence's Comment
Recap
NQ gapped higher to start the week. Clearing the resistance right off the start gave it a bullish bias to push higher. Lack of volume reduced the volatility. Closed ...
Lawrence's Comment
Recap
As explained last week, do not confuse volatility as strength. Y-0 breached quickly led to Y-1 test in play. Y-0 turned into resistance since. Y-1 could not even stop ...
AUDUSD Sep 19 to Sep 23 Outlook
Lawrence’s Comment
Y-0 to Y+1 was not even challenged. Aussie dropped straight down to Y-3 , the 200% range expansion target. Bounced back up from there to close near Y-1.
Outlook
Down trend established. Y-1 to B+1 should act as strong resistance and a retest of B-1 is expected.
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