Recap Consolidation with tight range around Y-1. Closed the weekbelow Y-1 and near week low.
Outlook Waterfall effect points to potential drop down to Y-2 and Y-3 before support is found. Quick reversal back up above B+1 with Y-1 / B-0 support can lead to up drift with Y-0 target.
Lawrence's Comment
Recap
As mentioned last week, NQ has an important top in the making and we just got the first taste of the volatility to the down side. Early ...
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 16 to May 20 Outlook
Lawrence’s Comment
Consolidation with tight range around Y-1. Closed the weekbelow Y-1 and near week low.
Outlook
Waterfall effect points to potential drop down to Y-2 and Y-3 before support is found. Quick reversal back up above B+1 with Y-1 / B-0 support can lead to up drift with Y-0 target.
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