Recap Aussie unfolded exactly as expected. Bounced back to Y-0 and stalled from there since. Retest of Y-1 happened at the end of the week. Closed the week at Y-1.
Outlook Critical week.
Breaking below B-1 will create a flush down to, as a minimum, B-2. B-3 will be the more likely target before a pause.
Double bottom from B-1 with a breakout above B+1 can send Aussie all the way back up to B+3.
Lawrence's Comment
Recap
Flushed below Y-1 and snap back up as expected. Pretty much risk free long since. Zoomed higher until 100% absolute range expansion is completed. Closed the week above Y-0 ...
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Lawrence's Comment
Recap
Aussie followed its peers and collapsed down to 100% range expansion. Closed the week below Y-2 and near week low.
Outlook
Consolidation likely as long as Y-3 acts as ...
AUDUSD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Aussie unfolded exactly as expected. Bounced back to Y-0 and stalled from there since. Retest of Y-1 happened at the end of the week. Closed the week at Y-1.
Outlook
Critical week.
Breaking below B-1 will create a flush down to, as a minimum, B-2. B-3 will be the more likely target before a pause.
Double bottom from B-1 with a breakout above B+1 can send Aussie all the way back up to B+3.
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