Recap Y-0 resistance sent Aussie down to Y-2 target. Channel formation in place sending Aussie down to Y-3 where the channel bottom is. Closed the week near Y-2 and below midpoint.
Outlook Channel play until Aussie move out of the channel. Y-1 strong resistance until proven otherwise. A retest of B-1 likely.
Lawrence's Comment
Recap
Classic seasonal bias for the last two weeks of the year is mild positive gain, so it is not as bad as many thinks about the selloff into end ...
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
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 Nov 02 to Nov 06 Outlook
Lawrence’s Comment
Y-0 resistance sent Aussie down to Y-2 target. Channel formation in place sending Aussie down to Y-3 where the channel bottom is. Closed the week near Y-2 and below midpoint.
Outlook
Channel play until Aussie move out of the channel. Y-1 strong resistance until proven otherwise. A retest of B-1 likely.
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