Lawrence's Comment
Recap
Just like Dow, consolidation within the top half of the expected range. End of week pullback completed the gap fill below and bounced from there. Closed the 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
Lawrence's Comment
Recap
Although yen spiked in the middle of the week, it ended up closing around close of the week prior to last week. 200% absolute range expansion completed.
Outlook
Upside breakout ...
AUDUSD Jan 26 to Jan 30 Outlook
Lawrence’s Comment
Aussie followed its peers and collapsed down to 100% range expansion. Closed the week below Y-2 and near week low.
Outlook
Consolidation likely as long as Y-3 acts as support.
Share