Recap Previous week close defended,move back up to the daily congestion upper boundary. Closed the week above Y+1 and near week high.
Outlook 4 hour up trend established trying to breakout of the congestion zone. Clean breakout of B+1 will likely give us B+2. FBO against B+1 points to a drop back down to B-1 / Y-1 again.
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
Lawrence's Comment
Recap
Loonie continue to strengthen last week. Y+1 was not challenged at all. After breaking below Y-1, a flush to Y-3 materialized. Closed the week near week low ...
AUDUSD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Previous week close defended,move back up to the daily congestion upper boundary. Closed the week above Y+1 and near week high.
Outlook
4 hour up trend established trying to breakout of the congestion zone. Clean breakout of B+1 will likely give us B+2. FBO against B+1 points to a drop back down to B-1 / Y-1 again.
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