Recap Bad data from last week is messing up the chart. Notified my staff to look into this. Tight range breakout to the downside. Y-3 target tagged and found support there. Closed the week below Y-2 and midpoint.
Outlook As explained last week, Aussie is affected by what is happening in Yemen indirectly due to the wild swings in gold. That has carried over last week and likely to continue this week.
On chart pattern basis only, weekly down leg in the making.
Lawrence's Comment
Recap
News driven market condition as noted in last week's comment materialized. Messy price actions all week due to news / rumours yet our trusted NFP biases all worked out. ...
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
Cable tried to bottom yet not producing a strong reaction at Y-1 to go higher. Instead, it is trapped below the 1.66 key price level mentioned last 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
Aussie failed to hold the Y-0 double bottom neckline and flushed down to where it started the up run. The low volume up drift back up to previous week ...
AUDUSD Apr 06 to Apr 10 Outlook
Lawrence’s Comment
Bad data from last week is messing up the chart. Notified my staff to look into this.
Tight range breakout to the downside. Y-3 target tagged and found support there. Closed the week below Y-2 and midpoint.
Outlook
As explained last week, Aussie is affected by what is happening in Yemen indirectly due to the wild swings in gold. That has carried over last week and likely to continue this week.
On chart pattern basis only, weekly down leg in the making.
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