Recap The other easy play of the week. Bear flag broken, sending Aussie straight down to target and bounced. Closed the week above Y-0 and midpoint.
Outlook Support tested and rejected decisively. The other end, above B+1 to Y+2 is in play. Until Y+2 is cleared and that B+1 is acting as support, Aussie is simply buying time and waiting for gold to give it a direction.
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
Down channel resistance early in the week pressed price down to Y-0 and opened the door to Y-1. Y-1 tested mid week and held. Closed the week below Y-0 ...
Lawrence's Comment
Recap
Made new high early in the week. A complex 3 push formation sent the pair lower to 50% absolute expansion and bounded from there. 1-2-3 sell off from ...
AUDUSD Aug 25 to Aug 29 Outlook
Lawrence’s Comment
The other easy play of the week. Bear flag broken, sending Aussie straight down to target and bounced. Closed the week above Y-0 and midpoint.
Outlook
Support tested and rejected decisively. The other end, above B+1 to Y+2 is in play. Until Y+2 is cleared and that B+1 is acting as support, Aussie is simply buying time and waiting for gold to give it a direction.
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