Lawrence's Comment
Recap
3rd leg down resulted in a fight to defend of Y-1 which eventually led to a run for Y-0 test after Mrs. Yellen's comments. Since 2nd swing low was ...
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Lawrence's Comment
Recap
A quick run to Y+2 has broken the down trend. Aussie fought hard to hold up at the midpoint of its run. Closed the week above Y+1 and near ...
AUDUSD Oct 28 to Nov 01 Outlook
Lawrence’s Comment
Wild consolidation indeed. Aussie spiked up and down around Y+1 as expected and ended the week lower above Y-0 and near week low.
Outlook
Price above Y+1 is now decisively rejected. As long as B-0 / Y+1 is acting as resistance, B-2 is in play.
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