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Lawrence's Comment Recap Aussie dropped down to Y-2 as expected. Tight range at 50% previous week range. Multiple tried in real-time to bounce higher yet previous week close held it down. Closed ...READ MORELawrence's Comment Recap The collapse of gold price in the beginnng of the week rejected the possibility of further weaknesses. So the other direction came in force. 1-2-3 buy against Y-0 sent ...READ MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MORELawrence's Comment Recap Lower open did not breach the breakout boundary. Yet first try to go higher stalled below Y+1. Successfully defended defended week low leading to upside breakout to Y+2. Closed ...READ MORELawrence's Comment Recap As expected yen is stuck within the same range again once the euro zone crisis was showing some signs of stability in sight. Closed the week around midpoint ...READ MOREAUDUSD Nov 18 to Nov 22 OutlookUSDCAD May 09 to May 13 OutlookHot n Cold (AUDUSD) 2022-2-25Precog Vision – Forex 2018-3-9Hot n Cold (AUDUSD) 2021-7-9Precog Vision – Forex 2011-12-21AUDUSD Jan 06 to Jan 10 OutlookUSDJPY Jun 27 to Jul 01 OutlookIntraday Cycle Projection (AUDUSD) 2018-01-16Intraday Cycle Projection (AUDUSD) 2017-08-29
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AUDUSD Dec 07 to Dec 11 Outlook
Lawrence’s Comment
Aussie held Y-1 and took out Y+1 quickly. This opened the door to Y+2. Y+1 acted as support. Closed the week above Y+1 and midpoint.
Outlook
As I pointed out 2 weeks ago, Aussie could be telling us that gold is about to bottom out on short term basis. Gold made a strong reversal this week proves this correlation is still useful. Aussie has developed into an up channel now. Break of the channel support will take it back down to B-1. Holiday mode trading means consolidation actions likely.
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