Recap Aussie bounced with the rest of the majors due to dovish expectation / rumors all week. As expected, Y-0 was tested aftter Y-1 acted as support. Wild swings around 0.70 round number. Closed the week above Y-0 and near week high.
Outlook Y-0 / B-0 now strong support for a test of Y+1. Failure to hold above B-0 points to daily down trend resumes.
Lawrence's Comment
Recap
Consolidation with low volume all week. Trapped within previous week range. Closed the week near Y-0 and midpoint.
Outlook
Consolidation / compression until first week of next year is ...
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
Y+1 resistance sent Aussie lower back down to Y-0. Y-0 support pushed Aussie back up above Y+1. Previous week close turning into support gave aussie one more push higher. ...
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
Another easy play for the week. Dropped to Y-1 as expected. consolidated between Y-0 and Y-1. Dropped further down to 100% expansion of the consolidation. Closed the week near ...
AUDUSD Sep 14 to Sep 18 Outlook
Lawrence’s Comment
Aussie bounced with the rest of the majors due to dovish expectation / rumors all week. As expected, Y-0 was tested aftter Y-1 acted as support. Wild swings around 0.70 round number. Closed the week above Y-0 and near week high.
Outlook
Y-0 / B-0 now strong support for a test of Y+1. Failure to hold above B-0 points to daily down trend resumes.
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