Recap A quick run to Y+2 has broken the down trend. Aussie fought hard to hold up at the midpoint of its run. Closed the week above Y+1 and near week high.
Outlook Sudden strength in Aussie created the potential of a short term rally once B+1 is cleared. If B+1 / Y+2 stops the run, Aussie will have to back off and retest Y-0 and below.
Lawrence's Comment
Recap
Y-0 support as expected gave us the continuation move to take out Y+1. Since then FBO against Y+1 gave us a clean drop to Y-0 and breaking below quickly ...
Lawrence's Comment
Recap
Monday wild swings within a tight range gave fuel to the breakout of Y+1. Yet not enough buying to keep NQ staying above Y+1. Fade out actions led to ...
Lawrence's Comment
Recap
More news from euro zone as expected. Move to Y+2 and it capped the up swing as mentioned last week. No surprise there. Closed the week at ...
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AUDUSD Aug 10 to Aug 14 Outlook
Lawrence’s Comment
A quick run to Y+2 has broken the down trend. Aussie fought hard to hold up at the midpoint of its run. Closed the week above Y+1 and near week high.
Outlook
Sudden strength in Aussie created the potential of a short term rally once B+1 is cleared. If B+1 / Y+2 stops the run, Aussie will have to back off and retest Y-0 and below.
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