Lawrence's Comment
Recap
Bullish expectations played out and upside breakout normal target of Y+2 was tagged. Momentum strong enough sending price higher with former resistance acting as support. Closed the week above ...
Lawrence's Comment
Recap
Selloff accelerated to the down side with no signs of strength at Y-2 and Y-3. This led to another stop run down to Y-5. Spike reversal against Y-5 gave ...
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Lawrence's Comment
Recap
The critical support level failed and slided towards my target. Picture perfect FBO on weekly and monthly level. Closed the week below Y-2.
Outlook
If Y-3 is tagged early ...
AUDUSD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Y-1 failed to act as support thus turning Y-0 into resistance zone. The pair then dropped from Y-0 down to Y-2 and closed the week there.
Outlook
Uptrend in Aussie is over on daily. As long as B-0 to B+1 acting as resistance more downside is expected.
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