Recap Y+1 resistance sent Aussie lower back down to Y-0. Y-0 support pushed Aussie back up above Y+1. Previous week close turning into support gave aussie one more push higher. Closed the week near Y+1 and above midpoint.
Outlook Aussie rising wedge in the making. Y+1 / B-0 support can send Aussie higher to Y+2 and above. Breaking below points to retest of Y-0 / B-1.
Lawrence's Comment
Recap
Failed to take out Y+1, forming double top early in the week and started a selloff. Closed the week near week low.
Outlook
FBO to the upside on weekly. Y-2 ...
Lawrence's Comment
Recap
Y+1 support in the beginning of the week started a stop hunt to the up side. Y+2 tagged and ES went sideway since. Closed the week near Y+2 and ...
AUDUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
Y+1 resistance sent Aussie lower back down to Y-0. Y-0 support pushed Aussie back up above Y+1. Previous week close turning into support gave aussie one more push higher. Closed the week near Y+1 and above midpoint.
Outlook
Aussie rising wedge in the making. Y+1 / B-0 support can send Aussie higher to Y+2 and above. Breaking below points to retest of Y-0 / B-1.
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