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Lawrence's Comment
Recap
Rising wedge broken yet no selloff. Consolidated above Y-0 and drifted higher. Breakout upside instead and tagged Y+2 in 1 go. Stalled from there and week midpoint acted as ...
Lawrence's Comment
Recap
Sold off straight down to Y-2 target opened the door to Y-3. Stair step action going down until 100% absolute range was reached. Closed the week below Y-2 and ...
Lawrence's Comment
Recap
Long bias from last week was simple but proven not easy for many. Dow just popped back up to Y-0 and went sideway. Then it took off without filling ...
AUDUSD Jul 16 to Jul 20 Outlook
Lawrence’s Comment
As projected last week, a test of resistance first and then a drop to target below. Very orderly. Closed the week above midpoint and Y-1.
Outlook
Support zone acted as support implies uptrend not broken yet. As long as B-1 stays as support a retest of B+1 and Y+1 is in order.
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