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
As mentioned last time, NQ was the weakest of the 3 major indices and that ES and Dow may drag it all the way up. That's exactly what happened ...
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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