Recap Aussie tried to go higher yet there was not enough volume. Went back down in consolidation style. Similar to loonie, chose to print the week extreme at the end of the week. Closed the week below Y-0 and near week low.
Outlook Inside week. Tight range. Breakout mode in play. Next target will be either B+3 or B-3 depending on the direction of the breakout. Breakout to the downside has a slight edge over the upside.
Lawrence's Comment
Recap
Euro spent all week struggling around Y-1. An attempt to push higher was stopped by 50% range. Closed the week below Y-0 and above midpoint.
Outlook
Consolidation week near ...
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
Y-0 did not act as resistance after open gave us a clue that it would not hold on 2nd try. Into mid week, Y-0 cleared and gave us Y+1 ...
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 Dec 30 to Jan 03 Outlook
Lawrence’s Comment
Aussie tried to go higher yet there was not enough volume. Went back down in consolidation style. Similar to loonie, chose to print the week extreme at the end of the week. Closed the week below Y-0 and near week low.
Outlook
Inside week. Tight range. Breakout mode in play. Next target will be either B+3 or B-3 depending on the direction of the breakout. Breakout to the downside has a slight edge over the upside.
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