Recap Y-0 failed to act as support and turned into resistance. Channel break down led to test of the start of the channel which is Y-2. Found support at Y-2 and bounced. Closed the week below Y-1 and midpoint.
Outlook Y-1 / B-0 strong resistance until proven otherwise. Retest of B-1 likely.
Lawrence's Comment
Recap
Got Y+1 target right from the start. Then failed to stay above Y+1 and induced a flush back down to fill the gap and tag Y-0. The flush continued ...
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Lawrence's Comment
Recap
Uptrend intact as B-0 never challenged. Y+3 strong up move target tagged. Closed the week near Y+3 and week high.
Outlook
Euro successfully crushed the bears as Fed declared ...
Lawrence's Comment
Recap
Another winner here. Cleared Y-0 and FBO against Y-1 gave us the fuel to go back up. Cleared Y+1 and almost got Y+2. Closed the week above Y+1 and ...
AUDUSD Sep 28 to Oct 02 Outlook
Lawrence’s Comment
Y-0 failed to act as support and turned into resistance. Channel break down led to test of the start of the channel which is Y-2. Found support at Y-2 and bounced. Closed the week below Y-1 and midpoint.
Outlook
Y-1 / B-0 strong resistance until proven otherwise. Retest of B-1 likely.
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