Recap Gapped higher at the start of the week and consolidated around Y+1 since. Fed meeting sent gold way higher and Aussie jumped higher in sync. Closed the week below midpoint and above Y+1.
Outlook Aussie closed weak but not weak enough to signal a selloff. Aussie has to move out of the zone Y+1 to Y+2 before we can tell which direction is in control. Breakout play.
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
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
As mentioned last week, once 2350 is taken out, 50% upside range expansion is expected and that is 2380 area. All attempts to stop the rally in ...
AUDUSD Sep 23 to Sep 27 Outlook
Lawrence’s Comment
Gapped higher at the start of the week and consolidated around Y+1 since. Fed meeting sent gold way higher and Aussie jumped higher in sync. Closed the week below midpoint and above Y+1.
Outlook
Aussie closed weak but not weak enough to signal a selloff. Aussie has to move out of the zone Y+1 to Y+2 before we can tell which direction is in control. Breakout play.
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