Recap Aussie bounced with the rest of the majors due to dovish expectation / rumors all week. As expected, Y-0 was tested aftter Y-1 acted as support. Wild swings around 0.70 round number. Closed the week above Y-0 and near week high.
Outlook Y-0 / B-0 now strong support for a test of Y+1. Failure to hold above B-0 points to daily down trend resumes.
Lawrence's Comment
Recap
Consolidation week. Failed to take out Y-0 in beginning of the week gave us a flush below Y-1. Yet quickly bottom out and popped above Y-0. Closed ...
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AUDUSD Sep 14 to Sep 18 Outlook
Lawrence’s Comment
Aussie bounced with the rest of the majors due to dovish expectation / rumors all week. As expected, Y-0 was tested aftter Y-1 acted as support. Wild swings around 0.70 round number. Closed the week above Y-0 and near week high.
Outlook
Y-0 / B-0 now strong support for a test of Y+1. Failure to hold above B-0 points to daily down trend resumes.
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