Recap Bad data from last week is messing up the chart. Notified my staff to look into this. Tight range breakout to the downside. Y-3 target tagged and found support there. Closed the week below Y-2 and midpoint.
Outlook As explained last week, Aussie is affected by what is happening in Yemen indirectly due to the wild swings in gold. That has carried over last week and likely to continue this week.
On chart pattern basis only, weekly down leg in the making.
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 Apr 06 to Apr 10 Outlook
Lawrence’s Comment
Bad data from last week is messing up the chart. Notified my staff to look into this.
Tight range breakout to the downside. Y-3 target tagged and found support there. Closed the week below Y-2 and midpoint.
Outlook
As explained last week, Aussie is affected by what is happening in Yemen indirectly due to the wild swings in gold. That has carried over last week and likely to continue this week.
On chart pattern basis only, weekly down leg in the making.
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