Recap FBO against Y+1 in beginning of the week gave us the downside target of Y-1. Took out Y-1 and tagged Y-2 in 1 go. Bounced back above Y-1 and closed the week near week mid and above Y-1.
Outlook Struggling to break out of the down trend still. Until B-0 turning into support and sending this higher, this pair will have limited upside.
Lawrence's Comment
Recap
Easy play of the week. Y-0 cleared, back to target swing high. Pull back to midpoint since. Closed the week above Y-0 and midpoint.
Outlook
No strong directional bias ...
Lawrence's Comment
Recap
Euro got its 1.32 test and zoomed thru it to Y+2 and 1.33. Closed the week above Y+2 and midpoint.
Outlook
Thin rising wedge / up channel in place. It is ...
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
AUDUSD Mar 26 to Mar 30 Outlook
Lawrence’s Comment
FBO against Y+1 in beginning of the week gave us the downside target of Y-1. Took out Y-1 and tagged Y-2 in 1 go. Bounced back above Y-1 and closed the week near week mid and above Y-1.
Outlook
Struggling to break out of the down trend still. Until B-0 turning into support and sending this higher, this pair will have limited upside.
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