Recap Beautiful drop from the head and shoulder neckline to the target in 1 go. Eventually stopped at 100% range expansion and bounced. Closed the week near Y-2 and below midpoint.
Outlook Down trend established on daily. Until Aussie can reverse the trend Y-1 / B+1 strong resistance with more down side.
Lawrence's Comment
Recap
Gapped down to Y-1 yet found an excuse to move back up to Y-0. Failed to clear Y-0 and fell straight down to Y-3. The reversal was as impressive ...
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AUDUSD Mar 16 to Mar 20 Outlook
Lawrence’s Comment
Beautiful drop from the head and shoulder neckline to the target in 1 go. Eventually stopped at 100% range expansion and bounced. Closed the week near Y-2 and below midpoint.
Outlook
Down trend established on daily. Until Aussie can reverse the trend Y-1 / B+1 strong resistance with more down side.
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