Recap A quick run to Y+2 has broken the down trend. Aussie fought hard to hold up at the midpoint of its run. Closed the week above Y+1 and near week high.
Outlook Sudden strength in Aussie created the potential of a short term rally once B+1 is cleared. If B+1 / Y+2 stops the run, Aussie will have to back off and retest Y-0 and below.
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
Last Week Recap Mini DT led to a quick selloff to month midpoint (the usual stop point for sudden moves, btw). Then staged a 1-2-3 buy, and tagged minimal ...
Lawrence's Comment
Recap
ES made it to the open gap fill above early in the week as expected. Since then consolidation for the Fed minute release on Wed. From there Y-0 was ...
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
Bear flag continuation selloff as expected and tagged our downside target. Yet, Y-1 failed to hold the pair down leading to a bounce back upto B-0.
Outlook
A zoom ...
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 Aug 10 to Aug 14 Outlook
Lawrence’s Comment
A quick run to Y+2 has broken the down trend. Aussie fought hard to hold up at the midpoint of its run. Closed the week above Y+1 and near week high.
Outlook
Sudden strength in Aussie created the potential of a short term rally once B+1 is cleared. If B+1 / Y+2 stops the run, Aussie will have to back off and retest Y-0 and below.
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