Lawrence's Comment
Recap
No run down to Y-2. Double bottom at Y-1 and the breakout at Y+1 gave us Y+3 target by STOPD. Almost tagging Y+3 by end of 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
Lawrence's Comment
Recap
As mentioned last week, downtrend has established. Resistance zone worked out as expected, sending Aussie down to Y-5.
Outlook
Downtrend intact.
The range expansion from last week created an oversold ...
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 Jan 18 to Jan 22 Outlook
Lawrence’s Comment
Aussie tried to hold Y-1 in tight range and failed. 100% expansion of the tight range tagged. Closed the week below Y-1 and near week low.
Outlook
Ledge break down continuation move in progress. Likely leads to another drop to B-2.
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