Recap Like clock work, Aussie was the easiest play last week. Held Y-0 and move above Y+1 giving way to Y+2 my target. Then cleared Y+1 on a small pullback and zoom to Y+2. Closed the week at week high and near Y+2.
Outlook Unless B+1 turning into resistance, Aussie after being suppressed for so long can zoom higher still before settling down to consolidate.
If we get a 1-2-3 sell off B+1, a pullback to B-0 is likely.
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
Tight range consolidation all week even though US dollar has strengthen across the board last week. Good example of low participation translate into meaningless price movements on higher timeframes. ...
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 Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Like clock work, Aussie was the easiest play last week. Held Y-0 and move above Y+1 giving way to Y+2 my target. Then cleared Y+1 on a small pullback and zoom to Y+2. Closed the week at week high and near Y+2.
Outlook
Unless B+1 turning into resistance, Aussie after being suppressed for so long can zoom higher still before settling down to consolidate.
If we get a 1-2-3 sell off B+1, a pullback to B-0 is likely.
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