Recap Retest of the lows happened as as Aussie failed to push higher from Y-0. Support found near Y-1 and bounced back. Closed the week above Y-0 and midpoint.
Outlook 2nd reject in place against Y-1. As long as Aussie can hold Y-0, an attempt for B+1 and above is likely.
Lawrence's Comment
Recap
Y-0 support early in the week gave us an up drift ended with 3 pushes up breakdown. Y-0 failed to hold this up and a run down to Y-1 ...
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
As predicted last week, the pair failed to take out the resistance zone and is forced to go lower. The whole week is just 50% of the ...
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 Feb 16 to Feb 20 Outlook
Lawrence’s Comment
Retest of the lows happened as as Aussie failed to push higher from Y-0. Support found near Y-1 and bounced back. Closed the week above Y-0 and midpoint.
Outlook
2nd reject in place against Y-1. As long as Aussie can hold Y-0, an attempt for B+1 and above is likely.
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