Recap Upside target tagged. Breakout right after and zoomed to almost Y+3. Closed the week at Y+2 and above midpoint.
Outlook As mentioned last week, uptrend is intact thus aussie should go higher. More upside is expected even with the not likely scenario of a slow pullback to B-1.
B-0 down to Y+1 should be strong support and act as platform for a retest of B+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
Lawrence's Comment
Recap
Flushed and then bounced. But first reaction pullback failed to tag Y-0 and also failed to hold above Y-1. Closed the week near week low.
Outlook
Flushing process started. ...
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 Jul 23 to Jul 27 Outlook
Lawrence’s Comment
Upside target tagged. Breakout right after and zoomed to almost Y+3. Closed the week at Y+2 and above midpoint.
Outlook
As mentioned last week, uptrend is intact thus aussie should go higher. More upside is expected even with the not likely scenario of a slow pullback to B-1.
B-0 down to Y+1 should be strong support and act as platform for a retest of B+1.
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