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Lawrence's Comment Recap Aussie consolidated in tight range. First drift up was met with sellers right above Y-0. stuck in tight range since. Closed the week below Y-0 and near midpoint. Outlook Inside week. ...READ MOREFor 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 scheduleREAD MOREPrecog Vision – Forex 2016-7-29Precog Vision – Forex 2021-4-20Hot n Cold (AUDUSD) 2011-8-23DP Odds Table (AUDUSD) 2013-11-13Intraday Cycle Projection (AUDUSD) 2017-02-08AUDUSD Feb 03 to Feb 07 OutlookPrecog Vision – Forex 2020-12-23DP Odds Table (AUDUSD) 2017-07-03Hot n Cold (AUDUSD) 2012-12-283DP Odds Table (AUDUSD) 2019-10-04
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AUDUSD Dec 24 to Dec 28 Outlook
Lawrence’s Comment
Was looking for a drop but not as steep as what happened. Weak right from the beginning of the week failed to hold Y-0 points to a drop to Y-1. Got that in a day. Then it collapsed with rest of the majors against dollar. Closed the week at Y-2 and at week low.
Outlook
Wiped out the whole up move in 3 days since the start of the month. Lots of trapped bulls above Y-1. Even if Aussie is going to go higher it cannot just go straight up. So more weaknesses is expected until we get a bottom formation.
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