Recap Aussie capped by monthly level resistance while finding support at weekly level. Hence trapped within Y-1 and Y+1. Closed the week below Y-0 and midpoint.
Outlook Breakout mode with no strong bias towards either direction. Wait and see game here. First strong leg out of the range will give us the direction to follow.
Recap of Last Week Previous year close acted as resistance and a temporary higher high was immediately rejected. As mentioned last time, the breaking of the red zone pointed ...
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
Traded similarly to Dow, sold off to Y-2 and bounced back upto Y-1 to close the week.
Outlook
Trade above B-0 and that it turns into support, Y+1 will be ...
AUDUSD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Aussie capped by monthly level resistance while finding support at weekly level. Hence trapped within Y-1 and Y+1. Closed the week below Y-0 and midpoint.
Outlook
Breakout mode with no strong bias towards either direction. Wait and see game here. First strong leg out of the range will give us the direction to follow.
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