Recap Not only we got Y+2, Y=3 was almost tagged by end of the week as well. Closed the week above Y+2.
Outlook Both Aussie and Loonie are driven by metal prices. As gold put in place its bottom last week with a strong rally, both currencies have no choice but to strengthen.
Long term bottom is likely in place hence will look for long only on this pair.
Lawrence's Comment
Recap
First week of the year found resistance at Y-0 and selloff down to Y-3. Closed the week near Y-3 and week low.
Outlook
USD strength across the board against ...
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 Sep 17 to Sep 21 Outlook
Lawrence’s Comment
Not only we got Y+2, Y=3 was almost tagged by end of the week as well. Closed the week above Y+2.
Outlook
Both Aussie and Loonie are driven by metal prices. As gold put in place its bottom last week with a strong rally, both currencies have no choice but to strengthen.
Long term bottom is likely in place hence will look for long only on this pair.
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