Trading Edges That Last
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As Featured In
AUDUSD Apr 08 to Apr 12 Outlook
Lawrence’s Comment
Original expectation of a push back to at least Y-0 and then Y+1 was correct. Aussie failed to push thru Y+1 and sold off since. Closed the week below Y-1 and midpoint.
Outlook
Double top in place. As long as Y-1 acts as resistance we have a projected target of Y-3.
If Y-1 cannot hold this down, but B-0 does, it will turn into a normal pullback.
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