Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Got the expected selloff to Y-1 early in the week. Instead of staying below Y-1, Cable immediately fended off the selling by forming a 1-2-3 buy there. The FBO ...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 2019-10-73DP Odds Table (AUDUSD) 2016-08-17GBPUSD Nov 18 to Nov 22 Outlook3DP Odds Table (AUDUSD) 2017-04-203DP Odds Table (AUDUSD) 2022-08-18Intraday Cycle Projection (AUDUSD) 2013-08-223DP Odds Table (AUDUSD) 2014-06-24Precog Vision – Forex 2020-9-283DP Odds Table (AUDUSD) 2011-10-033DP Odds Table (AUDUSD) 2017-01-27
As Featured In
AUDUSD May 13 to May 17 Outlook
Lawrence’s Comment
This pair caught me by surprise with a breakout to the downside. When Y-1 rejected the bounce we got a go for Y-3. Flushed all the way down to Y-4 before Aussie found support. Closed the week above Y-4 and below midpoint.
Outlook
Australia is now infected by the currency war hence it will move like them from now on. Without support from gold, Aussie will probably stuck at the bottom of the range around Y-4 this week. If Gold can rally back up early this week, looking for Aussie to bounce back up to B-0.
Share