Recap Aussie held the support zone mentioned last week. That helped Aussie to push through its resistance and reached Y+2 normal continuation target. Closed the week above Y+1 and midpoint.
Outlook Strength in Aussie is a gift from gold. Aussie was not stable at B+1. A pullback to B-1 is likely if Aussie cannot clear B+1 quickly early next week.
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
Y-0 support sent this higher to test Y+1. Turned lower below Y+1 opening the door to Y-1. Y-1 tagged and bounced. Closed the week above Y-0 and B-0.
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AUDUSD Jun 16 to Jun 20 Outlook
Lawrence’s Comment
Aussie held the support zone mentioned last week. That helped Aussie to push through its resistance and reached Y+2 normal continuation target. Closed the week above Y+1 and midpoint.
Outlook
Strength in Aussie is a gift from gold. Aussie was not stable at B+1. A pullback to B-1 is likely if Aussie cannot clear B+1 quickly early next week.
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