Lawrence's Comment
Recap
Sold off from resistance mentioned last week down to Y-2 target. Closed the week below Y-1 and near week low.
Outlook
Breaking below B-1 without testing B-0 first points ...
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 Oct 28 to Nov 01 Outlook
Lawrence’s Comment
Wild consolidation indeed. Aussie spiked up and down around Y+1 as expected and ended the week lower above Y-0 and near week low.
Outlook
Price above Y+1 is now decisively rejected. As long as B-0 / Y+1 is acting as resistance, B-2 is in play.
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