Recap Consolidation with pullback to target mentioned last week. No real action until end of week tension increased between US and Russia. Closed the week near Y+1 and B+1.
Outlook Above B+1 we get B+2, that requires gold to strengthen though.
The more interesting setup is that Aussie breaking B-1 decisively, a drop to B-3 likely.
Lawrence's Comment
Recap
Spike low against Y-1 gave us Y-0 as expected. Y-0 resistance forced a drop back down to Y-1. As gold zoomed higher late in the week, it gave fuel ...
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
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 07 to Apr 11 Outlook
Lawrence’s Comment
Consolidation with pullback to target mentioned last week. No real action until end of week tension increased between US and Russia. Closed the week near Y+1 and B+1.
Outlook
Above B+1 we get B+2, that requires gold to strengthen though.
The more interesting setup is that Aussie breaking B-1 decisively, a drop to B-3 likely.
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