Recap As oppose to breaking below Y-0 and testing Y-1, Y-0 acted as support, leading to further upside range expansion. Tagged the target zone Y+3 right at the end of the week.
Outlook The momentum may carry the pair a big higher but the upside will be capped this week under Y+4 and B+2. Congestion between B-0 and B+1 is the more likely scenario.
Lawrence's Comment
Recap
Euro tagged Y-1 and then rejected it on a retest, giving us the Y+1 target as mentioned last week. Euro zoomed through Y+1 and Y+2 quickly. Closed the week ...
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
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 11 to Apr 15 Outlook
Lawrence’s Comment
As oppose to breaking below Y-0 and testing Y-1, Y-0 acted as support, leading to further upside range expansion. Tagged the target zone Y+3 right at the end of the week.
Outlook
The momentum may carry the pair a big higher but the upside will be capped this week under Y+4 and B+2. Congestion between B-0 and B+1 is the more likely scenario.
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