Recap As oppose to breaking below Y-0 and testing Y-1, Y-0 acted as support, leading to further upside range expansion. Tagged the target zone Y+3 right at the end of the week.
Outlook The momentum may carry the pair a big higher but the upside will be capped this week under Y+4 and B+2. Congestion between B-0 and B+1 is the more likely scenario.
Lawrence's Comment
Recap
Aussie tried to push higher can failed due to the obvious weaknesses mentioned last week. Ended up another consolidation week with tight range. Closed the week above 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
Lawrence's Comment
Recap
More downside, 50% week range in consolidation style. Closed the week below Y-1 and midpoint.
Outlook
Unusual moves from ECB to ensure euro drops more. Remember the original acceptable range as ...
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 Apr 11 to Apr 15 Outlook
Lawrence’s Comment
As oppose to breaking below Y-0 and testing Y-1, Y-0 acted as support, leading to further upside range expansion. Tagged the target zone Y+3 right at the end of the week.
Outlook
The momentum may carry the pair a big higher but the upside will be capped this week under Y+4 and B+2. Congestion between B-0 and B+1 is the more likely scenario.
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