Recap A flush to Y-2 resulted in a quick bounce back above Y-1. That puts Y+1 in play. As mentioned last week, we are looking for a run to Y+1, then Y+2. Got both by end of the week.
Outlook Aussie can pullback from here but it is not necessary until Y+3 is tagged.
It should hold B-0 area as support if it is going higher.
Lawrence's Comment
Recap
Upside breakout right from the start. Failing to hold above Y+1 gave us FBO play for Y-1 and below. Y-1 resistance by end of week gave us a flush ...
Lawrence's Comment
Recap
Seasonal sell worked out beautifully cleaning out the late buyers over the past few weeks. Closed the week below Y-4 and at week low.
Outlook
Seasonal bias to the ...
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Lawrence's Comment
Recap
FBO against Y+1 triggered all out dumping to Y-3. After a pause, the stop run sent cable down to 1.63. Closed the week below Y-5 and near week low.
Outlook
Cable ...
AUDUSD Apr 30 to May 04 Outlook
Lawrence’s Comment
A flush to Y-2 resulted in a quick bounce back above Y-1. That puts Y+1 in play. As mentioned last week, we are looking for a run to Y+1, then Y+2. Got both by end of the week.
Outlook
Aussie can pullback from here but it is not necessary until Y+3 is tagged.
It should hold B-0 area as support if it is going higher.
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