Recap Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook Support held up well. Following the chopping up drift in gold closely. Retest of B+1 is likely.
Lawrence's Comment
Recap
Y-0 acted as support in the beginning of the week. Set the stage to challenge Y+1. 2nd swing took out Y+1 and Y+2. Closed above Y+1.
Outlook
As long as ...
Lawrence's Comment
Recap
Holding steady near Y+1 early in the week. Then spike high failed to hold above Y+1 and gave us the Y-0 target. Y-0 tagged later in the week. Closed ...
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
2300 turned into resistance. Dropped quickly to Y-3 area as expected. Closed the week below Y-2.
Outlook
Option expiration week is over. This week the bias is in general ...
AUDUSD Jan 19 to Jan 23 Outlook
Lawrence’s Comment
Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook
Support held up well. Following the chopping up drift in gold closely. Retest of B+1 is likely.
Share