Recap Aussie held previous week close and then bounced back up to resistance zone / channel top. Channel top confirmed as resistance with Y-1 in play. Y-0 resumed its role as resistance and pressed Aussie down to below Y-1. Closed the week below Y-1 and near week low.
Outlook More down side is expected with Y-1 resistance. If Aussie can spike low above Y-2, a bounce to B-0 will be in play.
Lawrence's Comment
Recap
Option expiration last week. False breakout on first push against Y+1, gave us a go for the Y-0 play. Pullback to Y-0 overnight midweek and bounced back since. Retest ...
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
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
Pullback to support as expected but failed to clear 50% range once ninja tagged the price where the breakdown started the week before. Closed the week below Y-0 and ...
AUDUSD Nov 09 to Nov 13 Outlook
Lawrence’s Comment
Aussie held previous week close and then bounced back up to resistance zone / channel top. Channel top confirmed as resistance with Y-1 in play. Y-0 resumed its role as resistance and pressed Aussie down to below Y-1. Closed the week below Y-1 and near week low.
Outlook
More down side is expected with Y-1 resistance. If Aussie can spike low above Y-2, a bounce to B-0 will be in play.
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