Lawrence's Comment
Recap
Aussie breakout upside tagged Y+2 yet failed to hold Y+1 giving us a FBO setup with Y-1 and Y-2 targets. Flushed down to Y-2 and bounced. Failed to clear ...
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 Aug 06 to Aug 10 Outlook
Lawrence’s Comment
Y+1 turned into support. Consolidation in a tight range as expected. Closed the week near week high.
Outlook
Y+1 acting as support gives Aussie a better odds now to push to Y+3.
If Aussie breaks below B-1 / Y+1 early next week, a flush to Y-0 is expected.
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