Recap Y+1 cleared without tagging Y-0 led to breakout push towards Y+3. Thin channel however failed to hold up after the last push and collapsed back down to the crime scene near Y-0. Closed the week near Y-0 and week low.
Outlook Wide range reversal points to more downside likely. Y+1 / B-0 strong resistance until proven otherwise.
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
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 Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Y+1 cleared without tagging Y-0 led to breakout push towards Y+3. Thin channel however failed to hold up after the last push and collapsed back down to the crime scene near Y-0. Closed the week near Y-0 and week low.
Outlook
Wide range reversal points to more downside likely. Y+1 / B-0 strong resistance until proven otherwise.
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