Recap The other easy play of the week. Bear flag broken, sending Aussie straight down to target and bounced. Closed the week above Y-0 and midpoint.
Outlook Support tested and rejected decisively. The other end, above B+1 to Y+2 is in play. Until Y+2 is cleared and that B+1 is acting as support, Aussie is simply buying time and waiting for gold to give it a direction.
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
Found support from Y-1 / previous week close and started an up drift back up to Y-0. Closed the week below Y-0 and above midpoint.
Outlook
Thin up channel ...
Lawrence's Comment
Recap
Euro formed an up channel and drifted higher all week to near Y+1. Channel breakdown led to flush back down to near Y-1. Closed the week below Y-0 and ...
Lawrence's Comment
Recap
Cable held previous week close and started a squeeze back up to Y+1. Y+1 resistance dropped cable back down. Closed the week below Y-0 and midpoint.
Outlook
Ledge like ...
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 Aug 25 to Aug 29 Outlook
Lawrence’s Comment
The other easy play of the week. Bear flag broken, sending Aussie straight down to target and bounced. Closed the week above Y-0 and midpoint.
Outlook
Support tested and rejected decisively. The other end, above B+1 to Y+2 is in play. Until Y+2 is cleared and that B+1 is acting as support, Aussie is simply buying time and waiting for gold to give it a direction.
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