Recap Tight range breakout to the downside. 200% range expansion target Y-5 tagged and bounced. Wild swing since although trapped within the range. Closed the week below Y-3 and near midpoint.
Outlook This breakout has not reached its targets yet. Y-2 / B-0 zone strong resistance for new low next week.
Lawrence's Comment
Recap
As oppose to test and fill the gap above, first move of the week broken the Y-1 support. That tells us Y-2 and Y-3 were in play and ...
Lawrence's Comment
Recap
Look at how Y-0 resistance depressing euro almost all week. End of week breakout cleared Y-0 finally. Closed the week above Y-0 and midpoint.
Outlook
Inside week, close above ...
Lawrence's Comment
Recap
Double fun with euro last week. 1.39 cleared early in the week, gave us a 100% absolute range expansion to right below 1.4 hard resistance which is also the ...
Lawrence's Comment
Recap
Gap down and consolidated around B-0. Then zoomed higher as expected. Another easy play last week. Closed the week above Y+2.
Outlook
The target of Y+3 should be reached ...
AUDUSD Aug 31 to Sep 04 Outlook
Lawrence’s Comment
Tight range breakout to the downside. 200% range expansion target Y-5 tagged and bounced. Wild swing since although trapped within the range. Closed the week below Y-3 and near midpoint.
Outlook
This breakout has not reached its targets yet. Y-2 / B-0 zone strong resistance for new low next week.
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