Recap Y-1 support forced a retest of Y-0. Y-0 failed to hold Aussie down and a jump to near Y+1 happened. Not enough fuel to get a test though. Closed the week above Y-0 and midpoint.
Outlook Inside week with midpoints close to each other is giving us a strong weekly breakout play. Breakout targets B+3 / B-3.
Lawrence's Comment
Recap
Y+1 support in the beginning of the week started a stop hunt to the up side. Y+2 tagged and ES went sideway since. Closed the week near Y+2 and ...
Lawrence's Comment
Recap
A push towards Y+2 as expected. Failed on 3rd try resulting in a quick slide back down to Y-0. Closed the week near week low.
Outlook
As long as ...
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AUDUSD Jun 15 to Jun 19 Outlook
Lawrence’s Comment
Y-1 support forced a retest of Y-0. Y-0 failed to hold Aussie down and a jump to near Y+1 happened. Not enough fuel to get a test though. Closed the week above Y-0 and midpoint.
Outlook
Inside week with midpoints close to each other is giving us a strong weekly breakout play. Breakout targets B+3 / B-3.
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