Recap The FBO short play worked out perfectly with Y-1 tagged by the end of the week. Y-0 acted as resistance all week. Closed the week near Y-1 and week low.
Outlook B-0 resistance until proven otherwise, potential daily down trend in the making.
Lawrence's Comment
Recap
Y-0 support for the 2nd leg up towards Y+2. Failed to push above Y+2 and stalled. Friday event led to fade out to new high before collapsing lower back ...
Lawrence's Comment
Recap
Consolidated around previous week close. Took out Y+1 as expected from the slight upside bias. Closed the week below midpoint and above Y-0.
Outlook
Y-0 next tell tale zone. Rejection of ...
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 ...
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
AUDUSD Jun 29 to Jul 03 Outlook
Lawrence’s Comment
The FBO short play worked out perfectly with Y-1 tagged by the end of the week. Y-0 acted as resistance all week. Closed the week near Y-1 and week low.
Outlook
B-0 resistance until proven otherwise, potential daily down trend in the making.
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