Recap Aussie looks awfully like euro dollar these past 2 weeks. Bear flag selloff below Y-1 yet finding support below Y-1 and bounced back above Y-1 to close the week.
Outlook The news shock from euro zone sent everything into a tailspin midweek last week but that does not change the outweek by the end of the week as aussie recovered.
Aussie is still stuck in the prescribed range of Y-1 / B-0 upto Y+1. It is not trending.
Lawrence's Comment
Recap
Mario Draghi nuked the Euro melt down move and sparked a stop run of almost 500 pips. Closed near Y+4 and above midpoint.
Outlook
Seasonal effect on Euro is ...
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
Lawrence's Comment
Recap
The bear flag mentioned last time worked out and dropped ninja down to Y-2 where the 98 boundary is. Closed the week below midpoint and below Y-1.
Outlook
2nd leg of ...
AUDUSD Nov 14 to Nov 18 Outlook
Lawrence’s Comment
Aussie looks awfully like euro dollar these past 2 weeks. Bear flag selloff below Y-1 yet finding support below Y-1 and bounced back above Y-1 to close the week.
Outlook
The news shock from euro zone sent everything into a tailspin midweek last week but that does not change the outweek by the end of the week as aussie recovered.
Aussie is still stuck in the prescribed range of Y-1 / B-0 upto Y+1. It is not trending.
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