Recap More upside as expected. Consolidated around Y+1. Closed the week near Y-0 and below midpoint.
Outlook First week long pullback. as long as Y-0 / B-1 acting as support, B-0 is in play. Clearing B-0 will give us another run to new high.
The strength in Aussie heavily depends on gold and gold does not look bullish at all on weekly. Beware of gold collapses suddenly which will in turn dragging Aussie lower.
Lawrence's Comment
Recap
Violent reaction to eurozone problems sending US dollar higher against all majors. Tagged Y+2 and closed the week above Y+1.
Outlook
Unlike other majors, dollar yen is not breaking out ...
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
Y+1 / previous week close acted as support and sent this higher until 100% absolute range expansion. Reaction to Y+2 dropped this back down to below Y-1.
Outlook
Daily ...
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 Apr 01 to Apr 05 Outlook
Lawrence’s Comment
More upside as expected. Consolidated around Y+1. Closed the week near Y-0 and below midpoint.
Outlook
First week long pullback. as long as Y-0 / B-1 acting as support, B-0 is in play. Clearing B-0 will give us another run to new high.
The strength in Aussie heavily depends on gold and gold does not look bullish at all on weekly. Beware of gold collapses suddenly which will in turn dragging Aussie lower.
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