Recap A flush to Y-2 resulted in a quick bounce back above Y-1. That puts Y+1 in play. As mentioned last week, we are looking for a run to Y+1, then Y+2. Got both by end of the week.
Outlook Aussie can pullback from here but it is not necessary until Y+3 is tagged.
It should hold B-0 area as support if it is going higher.
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
Aussie chose to range expand first towards Y+2 before pullback down to Y+1. Closed the week near Y+1 and below midpoint.
Outlook
V-reversal potential but not confirmed yet. Closing ...
Lawrence's Comment
Recap
Wait and see mode last week on euro. Strong breakdown move happened after a deal with Greece failed. Closed the week below Y-1 and near week low.
Outlook
As ...
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 Apr 30 to May 04 Outlook
Lawrence’s Comment
A flush to Y-2 resulted in a quick bounce back above Y-1. That puts Y+1 in play. As mentioned last week, we are looking for a run to Y+1, then Y+2. Got both by end of the week.
Outlook
Aussie can pullback from here but it is not necessary until Y+3 is tagged.
It should hold B-0 area as support if it is going higher.
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