Recap FBO last week gave us the drop down to near Y-2 until 100% absolute range expansion was tagged. Closed the week below Y-1 and midpoint.
Outlook Y-2 / B-1 support will force a retest of the 0.77 breakdown crime scene. Until we have a clean break of Y-2, Aussie is simply moving back into the previous consolidation area for more sideway actions.
Lawrence's Comment
Recap
More downside as expected. Intervention by ECB resulted in a squeeze that closed the week at midpoint.
Outlook
Money is leaving EU and no long term investors want to ...
Lawrence's Comment
Recap
Y-1 holds and news shock from Japan forced the continuation rally to resume. Tagged Y+2. Closed the week near the high of the week.
Outlook
Support zone confirmed. Continue ...
Lawrence's Comment
Recap
Dow opened down at Y-2 and triggered a flush down to Y-3, all happening within the first 30 minutes of the week. Since then extreme 2 way swings until ...
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 May 02 to May 06 Outlook
Lawrence’s Comment
FBO last week gave us the drop down to near Y-2 until 100% absolute range expansion was tagged. Closed the week below Y-1 and midpoint.
Outlook
Y-2 / B-1 support will force a retest of the 0.77 breakdown crime scene. Until we have a clean break of Y-2, Aussie is simply moving back into the previous consolidation area for more sideway actions.
Share