Lawrence's Comment
Recap
Consolidated below Y+1. Sellers failed to push cable lower. Breakout to the upside at the end. Closed the week above Y+1 and near week high.
Outlook
Upside breakout confirmed. As long ...
Lawrence's Comment
Recap
A higher high and higher low on weekly finally formed.
Outlook
As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in ...
Lawrence's Comment
Recap
Weakest of the big 3 indices, Dow consolidated around Y-1 without giving us any directional move. Closed the week below Y-1 and near midpoint.
Outlook
Bull flag on daily ...
AUDUSD May 19 to May 23 Outlook
Lawrence’s Comment
Consolidation around previous week close as expected. 50% range. Closed the week above Y-0 and near midpoint.
Outlook
The consolidation exposed the weaknesses in Aussie as the reaction to Y+1 was very strong.
A longer pullback is probably in play if Y+1 / B+1 caps the upside. Downside target around B-2.
Share