Recap Got our targets tagged within first half of the week then stalled from there (Y+2). Y+1 acted as support and closed the week above midpoint.
Outlook The reaction to Y+2 means the up leg has completed. A pullback is due. As long as Y+2 to B+1 acting as resistance, Aussie will consolidate and pullback to test B-1.
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
Capped by previous week close / Y-0. Eventually did the test of Y-1 and took off before it was even tagged. Cleared previous week close and gave us equal ...
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 Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Got our targets tagged within first half of the week then stalled from there (Y+2). Y+1 acted as support and closed the week above midpoint.
Outlook
The reaction to Y+2 means the up leg has completed. A pullback is due. As long as Y+2 to B+1 acting as resistance, Aussie will consolidate and pullback to test B-1.
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