Recap Bad data affected this chart. Aussie pushed higher above Y+1 but failed to hold up at the end and dropped all the way back to Y+1. Closed the week below Y+1 and near week low.
Outlook The messy situation at Yemen has affected gold and in turn Aussie. Will be difficult to swing play Aussie until the situation at Yemen settle down.
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
FBO against Y-1 early in the week gave us a run towards Y+1. Yet, 100% absolute range expansion stopped the attempt below Y+1. Aussie dropped back down all the ...
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
Consolidation with not much activities.
Outlook
Looking for this pair to settle in this zone over the coming weeks to form a long term bottom. Bias towards long side on ...
Lawrence's Comment
Recap
Pullback to Y-0 as expected. Could to go any higher even though euro zone had been trying hard to paint a rosy picture going forward. Closed the ...
Lawrence's Comment
Recap
Comparing to S&P, Dow dropped more significantly and displayed weaker price action all week. Of course, we now know JPM was the reason.
Outlook
Similar to S&P, Dow ...
AUDUSD Mar 30 to Apr 03 Outlook
Lawrence’s Comment
Bad data affected this chart. Aussie pushed higher above Y+1 but failed to hold up at the end and dropped all the way back to Y+1. Closed the week below Y+1 and near week low.
Outlook
The messy situation at Yemen has affected gold and in turn Aussie. Will be difficult to swing play Aussie until the situation at Yemen settle down.
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