Recap Pulled back to resistance area and sold off again to restest Y-1. Then failed to push above the midpoint of the week at that time and resulted in new low below Y-1. Closed the week below Y-1.
Outlook External factors are affecting Aussie due to its metal currency status. The selloff in past week is a tight down channel that will be broken.
Any breakout above Y-1 will send Aussie back up to Y+1 quickly.
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 on comments from Fed and then recovered back to crime scene. Gap up and took out Y+1. When stop run actions ended ES dropped back down to ...
Lawrence's Comment
Recap
Upside target of current year high is tagged. Not quite an explosive up swing but also not quite a drift up. Closed the week above Y+2 and ...
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 Nov 21 to Nov 25 Outlook
Lawrence’s Comment
Pulled back to resistance area and sold off again to restest Y-1. Then failed to push above the midpoint of the week at that time and resulted in new low below Y-1. Closed the week below Y-1.
Outlook
External factors are affecting Aussie due to its metal currency status. The selloff in past week is a tight down channel that will be broken.
Any breakout above Y-1 will send Aussie back up to Y+1 quickly.
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