Recap Y-0 support gave us the run to Y+2 as expected. 3 pushes up against Y+2 produced the drop back down to Y+1. Closed the week above Y-0 and below midpoint.
Outlook Potential FBO against Y+1 in place. As long as Y+1 /B-0 acting as resistance Aussie may have to drop back down to Y-1.
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
NQ zoomed higher to Y-0 and held there for the FOMC announcement. That alone opened the door to Y+1. Post announcement, NQ immediately tagged the target and by op-ex ...
AUDUSD Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Y-0 support gave us the run to Y+2 as expected. 3 pushes up against Y+2 produced the drop back down to Y+1. Closed the week above Y-0 and below midpoint.
Outlook
Potential FBO against Y+1 in place. As long as Y+1 /B-0 acting as resistance Aussie may have to drop back down to Y-1.
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