Recap Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook Support held up well. Following the chopping up drift in gold closely. Retest of B+1 is likely.
Lawrence's Comment
Recap
Took out 0.9 right from the beginning of the week. Then 1-2-3 buy gave us the breakout above Y+1 necessary for a run to Y+2. Aussie tagged Y+2 and ...
Lawrence's Comment
Recap
Rally as expected. Ended mid way from our 2 upside targets. Tight range and closed the week above midpoint.
Outlook
Potential 3 pushes up. A break below B-1 will confirm ...
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Lawrence's Comment
Recap
Y-0 did not act as resistance giving way to a test of Y+1. 100% absolute range expansion completed right before FOMC announcement. Strong reaction after and sent ES back ...
Lawrence's Comment
Recap
Double news shock. First one sending the pair higher but it failed to stay above Y+1. Second one dropping the pair below Y-0 yet failed to keep it ...
AUDUSD Jan 19 to Jan 23 Outlook
Lawrence’s Comment
Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook
Support held up well. Following the chopping up drift in gold closely. Retest of B+1 is likely.
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