Recap Consolidation at 50% week range. Initial FBO against Y+1 led to a pullback to Y-0. Y-0 held and gave us a retest of Y+1. Closed the week above Y-0 and below midpoint.
Outlook Consolidation after strong move often favour the continuation of the original trend. As long as Y-0 / B-1 holds, Aussie has a good chance to retest Y+1 and breakout above B+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
Lawrence's Comment
Recap
No breakout so consolidation it is. Going nowhere whole week.
Outlook
Breakout mode. Waiting for a breakout (preferred to the upside) above B+1 or B-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
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
As expected, there was no directional play last week. Dow was trapped inside Y+1 and Y-1. Easy 2-way plays every other day. Closed the week near Y-0 and below ...
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 Oct 19 to Oct 23 Outlook
Lawrence’s Comment
Consolidation at 50% week range. Initial FBO against Y+1 led to a pullback to Y-0. Y-0 held and gave us a retest of Y+1. Closed the week above Y-0 and below midpoint.
Outlook
Consolidation after strong move often favour the continuation of the original trend. As long as Y-0 / B-1 holds, Aussie has a good chance to retest Y+1 and breakout above B+1.
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