Recap Aussie flushed to almost Y-2 before snapping back up to above Y-0 and then consolidated for the rest of the week. Closed the week above Y-1 and midpoint.
Outlook Gold did not fair well last week but Aussie is holding on its own. It is a sign of strength. Will look for long from 4 hour bull flag breakout for a run back upto B+2.
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
Inside week consolidation around Y-0. Closed the week below Y-0 and midpoint.
Outlook
The downside retest of Y-1 has not happened yet so it is still in the card ...
Lawrence's Comment
Recap
A forced rally early in the week due to the bull trap from gold tagged Y+2 but it did not last. The dirty bottom at Y-1 was retested as ...
AUDUSD Mar 11 to Mar 15 Outlook
Lawrence’s Comment
Aussie flushed to almost Y-2 before snapping back up to above Y-0 and then consolidated for the rest of the week. Closed the week above Y-1 and midpoint.
Outlook
Gold did not fair well last week but Aussie is holding on its own. It is a sign of strength. Will look for long from 4 hour bull flag breakout for a run back upto B+2.
Share