Recap Upside swing expectation played out. Y+2 and Y+3 tagged quickly turned the week into all out short squeeze. 200% range expansion reached. Closed the week above Y+4 and near week high.
Outlook Gold strengthen played an important role in the performance of Aussie last week. The push to Y+3 was expected but the extra run to Y+4 was luck. FBO against B+1 will point to a pullback down to Y+3 / B-0 first. Consolidation after wide range week is normal.
Lawrence's Comment
Recap
Similar to Dow but weaker. S&P can only muster up 100& absolute range expansion. Closed the week above Y+2 and near week high.
Outlook
Unusual circumstances implies uncertainty ahead. ...
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
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 12 to Oct 16 Outlook
Lawrence’s Comment
Upside swing expectation played out. Y+2 and Y+3 tagged quickly turned the week into all out short squeeze. 200% range expansion reached. Closed the week above Y+4 and near week high.
Outlook
Gold strengthen played an important role in the performance of Aussie last week. The push to Y+3 was expected but the extra run to Y+4 was luck. FBO against B+1 will point to a pullback down to Y+3 / B-0 first. Consolidation after wide range week is normal.
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