Recap Looking for weaknesses last week and we got that right off the start. Interesting that Y-1 was defended and bounced back up to close near Y-0 and midpoint.
Outlook 2 weeks in a row closing around the same midpoint is a sign of indecision. The effect is magnified as it was also an outside week that closed back into the midpoint.
Not a good week to trade Aussie until we get a breakout of this zone.
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Lawrence's Comment
Recap
Classic STOPD consolidation behaviour - rejected Y-1 and zoom back to Y+1. The more interesting thing happened was that the week closed above Y+1.
Outlook
The breakout is officially ...
Lawrence's Comment
Recap
As stated in my newsletter to my premium members, an average of 2% drop is expected in December before year end rally can happen. And here we are, having ...
Lawrence's Comment
Recap
Going higher as expected. Tagged Y+3 and beyond. Cannot ask for more! Closed the week at its high.
Outlook
Running up a bit too fast.
Bullish scenario consolidation around B+1 ...
AUDUSD Feb 27 to Mar 02 Outlook
Lawrence’s Comment
Looking for weaknesses last week and we got that right off the start. Interesting that Y-1 was defended and bounced back up to close near Y-0 and midpoint.
Outlook
2 weeks in a row closing around the same midpoint is a sign of indecision. The effect is magnified as it was also an outside week that closed back into the midpoint.
Not a good week to trade Aussie until we get a breakout of this zone.
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