Recap Aussie dropped down to Y-2 as expected. Tight range at 50% previous week range. Multiple tried in real-time to bounce higher yet previous week close held it down. Closed the week near Y-1 and above midpoint.
Outlook Consolidation with heavy bottom means the sell off is not over yet. As long as B+1 to Y-0 is acting as resistance it is not the time to pick bottom yet. A retest of B-1 is likely.
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
Bounced from Y-1 first but failed to go much higher as euro failed to go much further above Y-0. 3 pushes up ended the rally and by the ...
Lawrence's Comment
Recap
Unlike NQ, Dow refused to even consolidate below Y+1. Instead it popped higher and sit above Y+1. Eventually that led to the upside breakout and doubled the range of ...
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 Nov 18 to Nov 22 Outlook
Lawrence’s Comment
Aussie dropped down to Y-2 as expected. Tight range at 50% previous week range. Multiple tried in real-time to bounce higher yet previous week close held it down. Closed the week near Y-1 and above midpoint.
Outlook
Consolidation with heavy bottom means the sell off is not over yet. As long as B+1 to Y-0 is acting as resistance it is not the time to pick bottom yet. A retest of B-1 is likely.
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