Recap Bad data affected this chart. Aussie pushed higher above Y+1 but failed to hold up at the end and dropped all the way back to Y+1. Closed the week below Y+1 and near week low.
Outlook The messy situation at Yemen has affected gold and in turn Aussie. Will be difficult to swing play Aussie until the situation at Yemen settle down.
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
Sold off to Y-2 as expected. The strong rally, however, all the way back up to Y-0, was quite amazing. Closed the week below Y-0 after failing to ...
Lawrence's Comment
Recap
Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
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Lawrence's Comment
Recap
Strong support at Y-1 sent this back up to Y-0. 2nd attempt to push this down to Y-1 met with stronger buying still. Y-0 cleared and Y+1 tagged. Closed ...
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
Pullback over first 2 days and then NFP week pattern took over. Closed the week above Y+1 and midpoint.
Outlook
Thin rising channels do not last. They are also ...
AUDUSD Mar 30 to Apr 03 Outlook
Lawrence’s Comment
Bad data affected this chart. Aussie pushed higher above Y+1 but failed to hold up at the end and dropped all the way back to Y+1. Closed the week below Y+1 and near week low.
Outlook
The messy situation at Yemen has affected gold and in turn Aussie. Will be difficult to swing play Aussie until the situation at Yemen settle down.
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