Recap Y-0 support gave us the run to Y+2 as expected. 3 pushes up against Y+2 produced the drop back down to Y+1. Closed the week above Y-0 and below midpoint.
Outlook Potential FBO against Y+1 in place. As long as Y+1 /B-0 acting as resistance Aussie may have to drop back down to Y-1.
Lawrence's Comment
Recap
Consolidation around Y-0 until Mrs. Yellen's comment time. Previous week close defended and led to an all out squeeze higher. 100% absolute range expansion to the upside tagged. Closed ...
Lawrence's Comment
Recap
Gap above Y+1 killed the pullback potential down to Y-2. That did not changed the consolidation actions that is expected for the week. Wild swings by the end of ...
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 Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Y-0 support gave us the run to Y+2 as expected. 3 pushes up against Y+2 produced the drop back down to Y+1. Closed the week above Y-0 and below midpoint.
Outlook
Potential FBO against Y+1 in place. As long as Y+1 /B-0 acting as resistance Aussie may have to drop back down to Y-1.
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