Recap Pullback deeper than originally thought. Y-1 acted as support still and ralled all the way to Y+1 target. Closed the week near week high.
Outlook Aussie did not close above Y+1, making it possible for a top to form early next week if Y+1 is not cleared. No strong bias in either direction.
Lawrence's Comment
Recap
Topped at the resistance area as expected and sold off to Y-0 as expected as well.
Outlook
A choice has to be made here and that depends on gold. ...
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
Breakout to the downside after failure to clear the upside resistance. ES tagged the downside target mentioned last week perfectly and then bounced. Closed the week below B-0 and ...
AUDUSD Jul 30 to Aug 03 Outlook
Lawrence’s Comment
Pullback deeper than originally thought. Y-1 acted as support still and ralled all the way to Y+1 target. Closed the week near week high.
Outlook
Aussie did not close above Y+1, making it possible for a top to form early next week if Y+1 is not cleared. No strong bias in either direction.
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