Recap Aussie flushed to almost Y-2 before snapping back up to above Y-0 and then consolidated for the rest of the week. Closed the week above Y-1 and midpoint.
Outlook Gold did not fair well last week but Aussie is holding on its own. It is a sign of strength. Will look for long from 4 hour bull flag breakout for a run back upto B+2.
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Lawrence's Comment
Recap
Formed a bottom early in the week and rallied above Y+1 as expected. Did not quite reach the upside target. Closed the week above Y+1 and at the ...
AUDUSD Mar 11 to Mar 15 Outlook
Lawrence’s Comment
Aussie flushed to almost Y-2 before snapping back up to above Y-0 and then consolidated for the rest of the week. Closed the week above Y-1 and midpoint.
Outlook
Gold did not fair well last week but Aussie is holding on its own. It is a sign of strength. Will look for long from 4 hour bull flag breakout for a run back upto B+2.
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