Recap As war in Libya and natural disaster in Japan continues, the weaknesses in Aussie is completely reversed. Not even once on 4 hour chart that any kind of topping formation was seen at every resistance level and rallied to close at high of week.
Outlook B-0 is now strong support on pullback. Early next week it should be range bounded due to the V-shape reversal.
Lawrence's Comment
Recap
Wedge broken to the upside, retest the wedge resistance trend line from above. Strong bounce up to first swing resistance and stalled. Closed the week below Y-1 and near ...
Lawrence's Comment
Recap
Rallied to the upside target of Y+2. Found resistance and sold off back down to Y-0 support. Y-0 could not hold it up, resulted in directional slide down to ...
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Lawrence's Comment
Recap
Y-0 acted as support helping euro to clear Y+1 in 1 go. Y+2 tagged and Y+1 turned into support for breakout play towards Y+3. Y+4 tagged and stopped the ...
Lawrence's Comment
Recap
Rallied to Y-0 early in the week forming a bear flag. Sold off once the bear flag was broken to tbe downside. Y-2 target area reached but not ...
AUDUSD Mar 28 to Apr 01 Outlook
Lawrence’s Comment
As war in Libya and natural disaster in Japan continues, the weaknesses in Aussie is completely reversed. Not even once on 4 hour chart that any kind of topping formation was seen at every resistance level and rallied to close at high of week.
Outlook
B-0 is now strong support on pullback. Early next week it should be range bounded due to the V-shape reversal.
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