Lawrence's Comment
Recap
Further consolidation around Y-0 area. End of week weaknesses failed to break the Y-1 support. Closed the week near week low and below Y-0.
Outlook
Inside week from daily up trend ...
Lawrence's Comment
Recap
Bear flag breakdown gave us Y-1 and below as expected. Y-2 tagged and consolidation between Y-1 and Y-2 since. Closed the week below Y-1 and midpoint.
Outlook
B-1 retest ...
AUDUSD Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Tagged upside target of Y+2 early in the week. Slided back down and closed the week below Y+1.
Outlook
As long as Y-0 to B-1 acts as support, a retest of B+1 is likely.
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