Recap As war in Libya and natural disaster in Japan continues, the weaknesses in Aussie is completely reversed. Not even once on 4 hour chart that any kind of topping formation was seen at every resistance level and rallied to close at high of week.
Outlook B-0 is now strong support on pullback. Early next week it should be range bounded due to the V-shape reversal.
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
Lawrence's Comment
Recap
Channel support breached gave us Y-1 as expected. Wild up swing testing the channel support from below failed to clear the resistance and sent Aussie down to Y-1 again. ...
AUDUSD Mar 28 to Apr 01 Outlook
Lawrence’s Comment
As war in Libya and natural disaster in Japan continues, the weaknesses in Aussie is completely reversed. Not even once on 4 hour chart that any kind of topping formation was seen at every resistance level and rallied to close at high of week.
Outlook
B-0 is now strong support on pullback. Early next week it should be range bounded due to the V-shape reversal.
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