Recap Y-0 support gave us the breakout I was looking for. Got Y+2 and paused there. And then the big news on gold helped Aussie clearing the resistance with a squeeze. Closed the week near Y+5 and above midpoint.
Outlook Bullish bias mostly used up for now as short squeeze / stop run based move do not last. A wild consolidation is in the card now. 50% week range expected with two ways action around B+1.
Lawrence's Comment
Recap
Monday we saw a brake was applied then Tuesday we get a repeat. A lot of people did not get the memo that it is the week to go ...
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
Recap of Last Week Run above yellow zone tagging prior week high. Then w. thrust against prior week high and stalled back to prior week midpoint and failed to ...
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
AUDUSD Oct 21 to Oct 25 Outlook
Lawrence’s Comment
Y-0 support gave us the breakout I was looking for. Got Y+2 and paused there. And then the big news on gold helped Aussie clearing the resistance with a squeeze. Closed the week near Y+5 and above midpoint.
Outlook
Bullish bias mostly used up for now as short squeeze / stop run based move do not last. A wild consolidation is in the card now. 50% week range expected with two ways action around B+1.
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