Recap Breached Y-0 from below early in the week. Simply consolidate around Y-0 since until Friday with a spike move ending the week. Closed the week near week high and tagged Y+1.
Outlook Aussie moved back to the upper boundary of its consolidation since early November. If it can clear B+1 and stays above, a strong support is in place and B+2 will be tagged quickly.
Failing to hold above Y+1 points to retest of B-0 from above.
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
Euro zoomed back up to Y-0 as expected and stalled from there as the strong downside momentum is still in force. Reaching only 50% of the absolute range ...
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 Nov 26 to Nov 30 Outlook
Lawrence’s Comment
Breached Y-0 from below early in the week. Simply consolidate around Y-0 since until Friday with a spike move ending the week. Closed the week near week high and tagged Y+1.
Outlook
Aussie moved back to the upper boundary of its consolidation since early November. If it can clear B+1 and stays above, a strong support is in place and B+2 will be tagged quickly.
Failing to hold above Y+1 points to retest of B-0 from above.
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