Recap No drastic move last week. 2nd week of pullback from the multiple week rally. Closed the week below Y-1 and midpoint.
Outlook Still moving within the context of consolidation / pullback mode. Until gold can make a move out of its current range, there is nothing much to lean on.
A down channel is now in place, as long as Aussie failed to clear B-0, there is probably one more down move to go.
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
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
Held Y-0 and pushed higher for upside breakout and failed. That lead to a clear break of Y-1 and turning Y-0 into resistance. Closed the week at Y-1 and ...
AUDUSD Mar 03 to Mar 07 Outlook
Lawrence’s Comment
No drastic move last week. 2nd week of pullback from the multiple week rally. Closed the week below Y-1 and midpoint.
Outlook
Still moving within the context of consolidation / pullback mode. Until gold can make a move out of its current range, there is nothing much to lean on.
A down channel is now in place, as long as Aussie failed to clear B-0, there is probably one more down move to go.
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