Lawrence's Comment
Recap
Consolidation week before Memorial holiday is the norm and we got exactly that last week. Tight range consolidation around Y+1. Closed the week below Y+1 and midpoint.
Outlook
Mild ...
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
Lawrence's Comment
Recap
Tagged my downside target of Y-3 in one quick flush. Then bounced back up at once. By end of the week sellers gave up and Ninja moved back up ...
AUDUSD Aug 06 to Aug 10 Outlook
Lawrence’s Comment
Y+1 turned into support. Consolidation in a tight range as expected. Closed the week near week high.
Outlook
Y+1 acting as support gives Aussie a better odds now to push to Y+3.
If Aussie breaks below B-1 / Y+1 early next week, a flush to Y-0 is expected.
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