Recap Aussie found support at Y-1 and cleared Y-0 decisively. Y+1 was tagged and pulled back to Y-0 as support. Y+2 target was stopped short at the 0.89 round number. Selling resumed since. Closed the week below Y-0 and midpoint.
Outlook The initial rally last week played out as expected but it was not as explosive as I hope for. The weaknesses going into end of week has turned Y-0 / B-0 into strong resistance zone for a retest of the Y-1 low.
Only until Y-0 / B-0 zone turning into support that a swing long will stand a better chance.
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
Sold off in similar fashion like Nasdaq 100 but much more controlled. The scale of attempting to rally back to week midpoint is also stronger than Nasdaq.
Outlook
A ...
Lawrence's Comment
Recap
Intervention as expected. Forced ninja back up to Y+1 before it stalled. Closed the week near week high.
Outlook
Consolidation after 2 weeks of wild swings is likely. As ...
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 13 to Oct 17 Outlook
Lawrence’s Comment
Aussie found support at Y-1 and cleared Y-0 decisively. Y+1 was tagged and pulled back to Y-0 as support. Y+2 target was stopped short at the 0.89 round number. Selling resumed since. Closed the week below Y-0 and midpoint.
Outlook
The initial rally last week played out as expected but it was not as explosive as I hope for. The weaknesses going into end of week has turned Y-0 / B-0 into strong resistance zone for a retest of the Y-1 low.
Only until Y-0 / B-0 zone turning into support that a swing long will stand a better chance.
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