Recap Breached Y-0 from below early in the week. Simply consolidate around Y-0 since until Friday with a spike move ending the week. Closed the week near week high and tagged Y+1.
Outlook Aussie moved back to the upper boundary of its consolidation since early November. If it can clear B+1 and stays above, a strong support is in place and B+2 will be tagged quickly.
Failing to hold above Y+1 points to retest of B-0 from above.
Lawrence's Comment
Recap
50% range as expected. Consolidation actions. Closed the week near Y-1 and midpoint.
Outlook
The monthly resistance of 100-102 from years ago is now support. Being able to build ...
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
Collapsed down to target as expected BUT that is not shown in the chart because the selloff happened in afterhours. Bounced off that afterhours low and never looked ...
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
Y-0 did not hold Aussie down. Gold surged in beginning of the week. Good enough excuses to pop Aussie to Y+2. After tagging Y+2 normal upside target, ...
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
Y+1 acted as resistance and sent the pair back down to Y-1 as expected. Closed the week near week low and Y-1.
Outlook
Short term top in place meaning ...
AUDUSD Nov 26 to Nov 30 Outlook
Lawrence’s Comment
Breached Y-0 from below early in the week. Simply consolidate around Y-0 since until Friday with a spike move ending the week. Closed the week near week high and tagged Y+1.
Outlook
Aussie moved back to the upper boundary of its consolidation since early November. If it can clear B+1 and stays above, a strong support is in place and B+2 will be tagged quickly.
Failing to hold above Y+1 points to retest of B-0 from above.
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