Recap Consolidation at 50% week range. Initial FBO against Y+1 led to a pullback to Y-0. Y-0 held and gave us a retest of Y+1. Closed the week above Y-0 and below midpoint.
Outlook Consolidation after strong move often favour the continuation of the original trend. As long as Y-0 / B-1 holds, Aussie has a good chance to retest Y+1 and breakout above B+1.
Lawrence's Comment
Recap
As expected, there was no directional play last week. Dow was trapped inside Y+1 and Y-1. Easy 2-way plays every other day. Closed the week near 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
Lawrence's Comment
Recap
Took a whole week of up drift to go back up to the top of the resistance zone mentioned last week. Tight range and no conviction. 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
AUDUSD Oct 19 to Oct 23 Outlook
Lawrence’s Comment
Consolidation at 50% week range. Initial FBO against Y+1 led to a pullback to Y-0. Y-0 held and gave us a retest of Y+1. Closed the week above Y-0 and below midpoint.
Outlook
Consolidation after strong move often favour the continuation of the original trend. As long as Y-0 / B-1 holds, Aussie has a good chance to retest Y+1 and breakout above B+1.
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