Recap Aussie rushed to Y+2 and rejected decisively. Dropped back down to Y-0 and bounced. Failed to clear the breakout boundary since. Closed the week near Y-0 and below midpoint.
Outlook As explained last week, whiplash is expected and we’ve got the upside completed. Now as long as B-0 / Y+1 acting as resistance, we get Y-1, Y-2 quickly with target Y-3.
Lawrence's Comment
Recap
1.30 downside target was tagged finally. And immediately BIS, ECB, etc. are seen active buying euro to stop the drop again. Closed the week near Y-0 and ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
First test of Y+1 held ninja back. Y-0 acted as support on pullback. 2nd try at Y+1 cleared the resistance. Strong reaction right below 104 sending ninja back down ...
AUDUSD Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Aussie rushed to Y+2 and rejected decisively. Dropped back down to Y-0 and bounced. Failed to clear the breakout boundary since. Closed the week near Y-0 and below midpoint.
Outlook
As explained last week, whiplash is expected and we’ve got the upside completed. Now as long as B-0 / Y+1 acting as resistance, we get Y-1, Y-2 quickly with target Y-3.
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