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
Resistance zone mentioned last week capped the upside. Downside target tagged late in the week and bounced. Closed the week below Y-1 and midpoint.
Outlook
Confirmed weaknesses means a strong breakout ...
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 Aug 27 to Aug 31 Outlook
Lawrence’s Comment
No major selloff. Just consolidation around Y-1 with spikes to Y-0 that failed to go higher. Closed the week below Y-1.
Outlook
Still within the context of a pullback.
If we get some nice bottoming action this coming week, swing long should take this up to at least B+3.
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