Recap Sold off straight down to Y-2 target opened the door to Y-3. Stair step action going down until 100% absolute range was reached. Closed the week below Y-2 and near week low.
Outlook Weaknesses in gold contributed to the weaknesses in Aussie. This kind of wedging action cannot last though. Once Aussie can move above B-0 and turn that into support, it can easily tag B+2 in 1 go.
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Lawrence's Comment
Recap
Tested Y-0 as expected and bounced off quickly too. End of week pushing against Y+1 failed to clear the resistance. Closed the week near midpoint.
Outlook
Not a clear ...
Lawrence's Comment
Recap
Ninja breakout to the upside right from the beginning of the week. It then drifted higher to above 100 before sold off violently. Closed the week below midpoint and ...
AUDUSD Sep 29 to Oct 03 Outlook
Lawrence’s Comment
Sold off straight down to Y-2 target opened the door to Y-3. Stair step action going down until 100% absolute range was reached. Closed the week below Y-2 and near week low.
Outlook
Weaknesses in gold contributed to the weaknesses in Aussie. This kind of wedging action cannot last though. Once Aussie can move above B-0 and turn that into support, it can easily tag B+2 in 1 go.
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