Recap Y+1 resistance sent Aussie lower back down to Y-0. Y-0 support pushed Aussie back up above Y+1. Previous week close turning into support gave aussie one more push higher. Closed the week near Y+1 and above midpoint.
Outlook Aussie rising wedge in the making. Y+1 / B-0 support can send Aussie higher to Y+2 and above. Breaking below points to retest of Y-0 / B-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
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
Got 1st upside target and almost 2nd one (Y+2) before news shock took it back down quickly. Closed the week near Y+1 and below midpoint.
Outlook
If a 2nd ...
AUDUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
Y+1 resistance sent Aussie lower back down to Y-0. Y-0 support pushed Aussie back up above Y+1. Previous week close turning into support gave aussie one more push higher. Closed the week near Y+1 and above midpoint.
Outlook
Aussie rising wedge in the making. Y+1 / B-0 support can send Aussie higher to Y+2 and above. Breaking below points to retest of Y-0 / B-1.
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