Recap Another one pullback to Y-0 as expected. The interesting thing though is that it took Aussie almost the full week to get down there. Closed the week above Y-0 and below midpoint.
Outlook Retest of B+1 / Y+1 in play as long as B-1 is acting as support. Whole week last week is a bull flag so as long as the formation is intact cannot turn bearish on this.
Lawrence's Comment
Recap
Got Y+1 target right from the start. Then failed to stay above Y+1 and induced a flush back down to fill the gap and tag Y-0. The flush continued ...
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
AUDUSD Dec 03 to Dec 07 Outlook
Lawrence’s Comment
Another one pullback to Y-0 as expected. The interesting thing though is that it took Aussie almost the full week to get down there. Closed the week above Y-0 and below midpoint.
Outlook
Retest of B+1 / Y+1 in play as long as B-1 is acting as support. Whole week last week is a bull flag so as long as the formation is intact cannot turn bearish on this.
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