Recap Bearish expectation worked out for Aussie. Rising wedge breakdown led to selloff down to target Y-5 and below. Closed the week below Y-5 and near week low.
Outlook Weaknesses in Aussie means gold may have limited upside. Consolidation likely with reduced range for Aussie this week. B-1 turning into support points to retest of B-0.
Lawrence's Comment
Recap
Opened below my support requirement thus invalidated the bullish potential. First try going higher cannot even tag Y-0. Dropped hard but news shock and rumors started to take over ...
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
Text book pullback to Y-0 and rallied to 200% expansion target. Hope everyone who have read the outlook from last week hopped on the train.
Outlook
B+1 is target ...
AUDUSD Jan 11 to Jan 15 Outlook
Lawrence’s Comment
Bearish expectation worked out for Aussie. Rising wedge breakdown led to selloff down to target Y-5 and below. Closed the week below Y-5 and near week low.
Outlook
Weaknesses in Aussie means gold may have limited upside. Consolidation likely with reduced range for Aussie this week. B-1 turning into support points to retest of B-0.
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