Recap Y-0 resistance gave us a test of Y-1. FBO against Y-1 gave us reversal back up to Y+1. No surprises whatsoever. Closed the week near Y+1 and week high.
Outlook FOMC announcement affected gold and in turn affected Aussie. FBO reversal likely have follow thru hence Y+2 / B+2 are in play. Strong resistance beyond that point.
Lawrence's Comment
Recap
Sold off to below 1.30 triggered intervention by spreading rumors and speculative news again. Closed the week below Y-0 and above midpoint.
Outlook
Below 1.30 is rejected due to ...
Lawrence's Comment
Recap
Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and ...
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 Comments
Recap
After 3 weeks of consolidation, finally a breakout from tight range. 200% expansion target (Y+3) reached and stalled from there. Closed the week above week midpoint.
Outlook
The upmove ...
AUDUSD Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Y-0 resistance gave us a test of Y-1. FBO against Y-1 gave us reversal back up to Y+1. No surprises whatsoever. Closed the week near Y+1 and week high.
Outlook
FOMC announcement affected gold and in turn affected Aussie. FBO reversal likely have follow thru hence Y+2 / B+2 are in play. Strong resistance beyond that point.
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