Recap Momentum carried Aussie lower to Y-2 as expected. No spike low, just drift back up from Y-2 to week mid. Closed the week below Y-1 and near midpoint.
Outlook Consolidation after tagging Y-2 is bearish. A test of B-1 is in play. If B-1 can hold this up, a bounce back up to B+2 is possible.
B-1 failing to act as support will give way to B-2 and below.
Lawrence's Comment
Recap
NQ gapped higher above Y+1 hence started a light volume short squeeze. 50% range acted as resistance and a quick pullback to week mid before closing higher. Closed the ...
Lawrence's Comment
Recap
Popped back up to Y+1 as expected. Closed above Y-0 and near midpoint.
Outlook
Long term bottom in place so this is part of the long term process of building ...
Lawrence's Comment
Recap
Y-0 held up fine, rallied to Y+2 as expected. Struggle around Y+2 since. Closed the week below Y+2 and above midpoint.
Outlook
Reversal came right on time, giving us a nice ...
AUDUSD Jul 13 to Jul 17 Outlook
Lawrence’s Comment
Momentum carried Aussie lower to Y-2 as expected. No spike low, just drift back up from Y-2 to week mid. Closed the week below Y-1 and near midpoint.
Outlook
Consolidation after tagging Y-2 is bearish. A test of B-1 is in play. If B-1 can hold this up, a bounce back up to B+2 is possible.
B-1 failing to act as support will give way to B-2 and below.
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