Recap As expected, Aussie stays weak and failed to clear Y-0. Dropped below Y-1 and stopped at equal distance off previous week close. Closed the week near Y-1 and below midpoint.
Outlook Decisive rejection of Y-0 gave us clean break of Y-1 thus Y-2 is still in play. It is also the original target stated last week. As long as B-0 is acting as resistance it is likely we get Y-2 and B-2 either this week or next.
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
Minimal down side target tagged mid week and euro went full breakdown from there. Euro could not stop at all and dropped straight down to Y-4. Closed the week ...
Lawrence's Comment
Recap
Held up pretty well for 2 days. Then euro collapsed and dragged everything lower. Yet, Dow managed to drift higher and closed the week at midpoint.
Outlook
End of ...
AUDUSD Aug 11 to Aug 15 Outlook
Lawrence’s Comment
As expected, Aussie stays weak and failed to clear Y-0. Dropped below Y-1 and stopped at equal distance off previous week close. Closed the week near Y-1 and below midpoint.
Outlook
Decisive rejection of Y-0 gave us clean break of Y-1 thus Y-2 is still in play. It is also the original target stated last week. As long as B-0 is acting as resistance it is likely we get Y-2 and B-2 either this week or next.
Share