Recap Y-0 resistance gave us a test of Y-1. FBO against Y-1 gave us reversal back up to Y+1. No surprises whatsoever. Closed the week near Y+1 and week high.
Outlook FOMC announcement affected gold and in turn affected Aussie. FBO reversal likely have follow thru hence Y+2 / B+2 are in play. Strong resistance beyond that point.
Lawrence's Comment
Recap
As expected drift up to B+2 and stalled from there. Closed the week below midpoint.
Outlook
Retest of Y+1 to B-1 should be the first move in the agenda. There ...
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
Pushed higher to the resistance zone as mentioned last week and sold off from there. Gapped down to Y-0 eventually but buying below forced ES back up. Closed the ...
AUDUSD Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Y-0 resistance gave us a test of Y-1. FBO against Y-1 gave us reversal back up to Y+1. No surprises whatsoever. Closed the week near Y+1 and week high.
Outlook
FOMC announcement affected gold and in turn affected Aussie. FBO reversal likely have follow thru hence Y+2 / B+2 are in play. Strong resistance beyond that point.
Share