Recap Bearish expectation worked out for Aussie. Rising wedge breakdown led to selloff down to target Y-5 and below. Closed the week below Y-5 and near week low.
Outlook Weaknesses in Aussie means gold may have limited upside. Consolidation likely with reduced range for Aussie this week. B-1 turning into support points to retest of B-0.
Lawrence's Comment
Recap
Monday gapped below critical support which then turned into resistance. Trend sell all week until 200% aboslute range expansion was reached. Closed the week below Y-5 and at week ...
Lawrence's Comment
Recap
I was talking about sudden wild swings last week and we got that everyday last week. Every day during european session euro drifted lower yet by US ...
Lawrence's Comment
Recap
As I pointed out last week, even though Dow is clearly in a pullback correction phase, it will not be an orderly environment. Well, it materialized last week. FOMC ...
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AUDUSD Jan 11 to Jan 15 Outlook
Lawrence’s Comment
Bearish expectation worked out for Aussie. Rising wedge breakdown led to selloff down to target Y-5 and below. Closed the week below Y-5 and near week low.
Outlook
Weaknesses in Aussie means gold may have limited upside. Consolidation likely with reduced range for Aussie this week. B-1 turning into support points to retest of B-0.
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