Recap Aussie held previous week close and pushed higher to Y+1 and above. Y+1 failed to act as support and led to a drop back down to week low. Closed the week above Y-0 and near midpoint.
Outlook Y+1 /B+1 resistance will send Aussie back down to B-1 and B-2.
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
Break below Y-1 and that Y-1 turned into resistance, the bearish case unfolded. We got our target of Y-2 by mid week. The tricky part is that 1280 ...
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 Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Aussie held previous week close and pushed higher to Y+1 and above. Y+1 failed to act as support and led to a drop back down to week low. Closed the week above Y-0 and near midpoint.
Outlook
Y+1 /B+1 resistance will send Aussie back down to B-1 and B-2.
Share