Recap Aussie capped by monthly level resistance while finding support at weekly level. Hence trapped within Y-1 and Y+1. Closed the week below Y-0 and midpoint.
Outlook Breakout mode with no strong bias towards either direction. Wait and see game here. First strong leg out of the range will give us the direction to follow.
Lawrence's Comment
Recap
Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint.
Outlook
Outside 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
AUDUSD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Aussie capped by monthly level resistance while finding support at weekly level. Hence trapped within Y-1 and Y+1. Closed the week below Y-0 and midpoint.
Outlook
Breakout mode with no strong bias towards either direction. Wait and see game here. First strong leg out of the range will give us the direction to follow.
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