Lawrence's Comment
Recap
Initial break of Y-1 resulted in strong reaction and sent this back up to Y-0. Y-0 resistance confirmed and dropped this down to Y-2. Support found and drifted back ...
Lawrence's Comment
Recap
The moment Y-1 failed to support euro, I posted in our real-time chat that it is heading for 1.30. We got that 2 days later. euro did ...
Lawrence's Comment
Recap
NQ did not follow Dow going all wild to the upside in the beginning of the week. It was the normal one last week. Failed to push ...
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AUDUSD Feb 13 to Feb 17 Outlook
Lawrence’s Comment
Topped at the resistance area as expected and sold off to Y-0 as expected as well.
Outlook
A choice has to be made here and that depends on gold.
If gold is going to stay strong, then Aussie will likely hold Y-0 support and retest B+1.
If B-0 turns into resistance, then Aussie will be forced to drop back down to B-2 before it gets a better chance to form a bottom.
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