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Lawrence's Comment Recap US dollar trashed, but the stock market did not hold up. The correlation had broken down. The most interesting thing from last week was the waterfall formation that ...READ MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MORELawrence's Comment Recap Worst Thanksgiving week in history. Pure selloff breaking every support level after they are touched and bounced off from. Ended the week closing at Y-3 and completed 100% ...READ MOREIntraday Cycle Projection (AUDUSD) 2020-07-073DP Odds Table (AUDUSD) 2020-11-11Hot n Cold (AUDUSD) 2011-11-23DP Odds Table (AUDUSD) 2013-04-04Dow 30 Aug 01 to Aug 05 OutlookHot n Cold (AUDUSD) 2015-5-22Precog Vision – Forex 2023-5-2Precog Vision – Forex 2020-9-15Dow 30 Nov 28 to Dec 02 Outlook3DP Odds Table (AUDUSD) 2022-04-28
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AUDUSD May 05 to May 09 Outlook
Lawrence’s Comment
Y-0 resistance gave us a drop below Y-1. Down channel bottom acted as support again allowing Aussie drift back up. 2nd test of Y-0 resistance did not clear it either. US NFP report sent Aussie down to my downside flush target and bounced. Closed the week above Y-1 and midpoint.
Outlook
As mentioned last week Aussie has one more flush in it and it found an excuse to finish the job. With a strong rejection below in place, Y-1 acting as support is likely with not only a retest of Y+1 / B+1 but also a run to B+2 has a good chance.
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