Recap Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook Support held up well. Following the chopping up drift in gold closely. Retest of B+1 is likely.
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
Strong breakout above 1.33 did not happen. Instead, a w. upthrust against Y+1 happened early in the week. That put Y-0 and Y-1 into play. Closed the ...
AUDUSD Jan 19 to Jan 23 Outlook
Lawrence’s Comment
Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook
Support held up well. Following the chopping up drift in gold closely. Retest of B+1 is likely.
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