Recap Consolidation with tight range around Y-1. Closed the weekbelow Y-1 and near week low.
Outlook Waterfall effect points to potential drop down to Y-2 and Y-3 before support is found. Quick reversal back up above B+1 with Y-1 / B-0 support can lead to up drift with Y-0 target.
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 expected, Y+1 tagged early in the week. Consolidation since then.
Outlook
As long as Y-0 to B-1 acts as support, retest of B+1 is likely.
A quick break of ...
Lawrence's Comment
Recap
Euro pullback lower as expected and slow week due to Easter holiday. Closed the week below Y-0 and midpoint.
Outlook
Inside week with tight range gives us breakout ...
AUDUSD May 16 to May 20 Outlook
Lawrence’s Comment
Consolidation with tight range around Y-1. Closed the weekbelow Y-1 and near week low.
Outlook
Waterfall effect points to potential drop down to Y-2 and Y-3 before support is found. Quick reversal back up above B+1 with Y-1 / B-0 support can lead to up drift with Y-0 target.
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