Recap As expected long continuation week for Aussie. Closed the week at week high.
Outlook The rally last week was a bit weaker than expected. As all other currencies are also in wait and see mode due to crisis in Europe, it is difficult to look for more.
As long as B-0 acts as support, still bullish for Aussie to go higher.
Lawrence's Comment
Recap
Y-0 did not even hold up for half a day. Door opened to Y-1 and below. Retest of Y-0 from below failed and gave us Y-1 in 1 go. ...
Lawrence's Comment
Recap
Waiting mode in the beginning of the week for Bank of Canada rate decision. The announcement induces the pair to break below its tight range and eventually ...
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AUDUSD Jun 18 to Jun 22 Outlook
Lawrence’s Comment
As expected long continuation week for Aussie. Closed the week at week high.
Outlook
The rally last week was a bit weaker than expected. As all other currencies are also in wait and see mode due to crisis in Europe, it is difficult to look for more.
As long as B-0 acts as support, still bullish for Aussie to go higher.
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