Recap More consolidation actions as expected. Y-0 support and by the end of the week previous week close support sent Aussie gunning for Y+2. Closed the week above Y+1 and at week high.
Outlook An up channel is now formed with channel top aligns with Y+2 / crime scene from Brexit. Test of channel top failure to breakout will give us a drop back down to channel bottom at B-0 and below.
Lawrence's Comment
Recap
NQ failed to clear former resistance from Y-0 has opened the door to gap fill below. Got that in 1 go and a strong bounce was resulted. Yet NQ ...
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
Y+1 acted as resistance sending Dow back down to the open gap below. Once tagged, Dow bounced back quickly and held the 18000 round number. News shock sent Dow ...
AUDUSD Jul 11 to Jul 15 Outlook
Lawrence’s Comment
More consolidation actions as expected. Y-0 support and by the end of the week previous week close support sent Aussie gunning for Y+2. Closed the week above Y+1 and at week high.
Outlook
An up channel is now formed with channel top aligns with Y+2 / crime scene from Brexit. Test of channel top failure to breakout will give us a drop back down to channel bottom at B-0 and below.
Share