Lawrence’s Comment
Recap Y-1 acted as support, got our rally going. Yet Aussie failed to clear Y-0 and pullback since. Closed the week at midpoint and below Y-0.
Outlook
The short term swing low is in the making. Two approaches possible to deal with the setup.
First, the confirmed entry is breakout above B+1 looking for a run to B+3.
Second, if a flush to below B-1 happens, jump on board the reversal that sends Aussie back above Y-1 on daily close basis.
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AUDUSD Feb 18 to Feb 22 Outlook
Lawrence’s Comment
Y-1 acted as support, got our rally going. Yet Aussie failed to clear Y-0 and pullback since. Closed the week at midpoint and below Y-0.
Outlook
The short term swing low is in the making. Two approaches possible to deal with the setup.
First, the confirmed entry is breakout above B+1 looking for a run to B+3.
Second, if a flush to below B-1 happens, jump on board the reversal that sends Aussie back above Y-1 on daily close basis.
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