Recap A quick run to Y+2 has broken the down trend. Aussie fought hard to hold up at the midpoint of its run. Closed the week above Y+1 and near week high.
Outlook Sudden strength in Aussie created the potential of a short term rally once B+1 is cleared. If B+1 / Y+2 stops the run, Aussie will have to back off and retest Y-0 and below.
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
Quiet week for Euro. Previous week close support created an hourly channelup drift. Stalled at previous week resistance zone. Closed the week below Y-0 and near week low.
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Lawrence's Comment
Recap
My bullish view is proven correct. Y+1 was tested mid week and eventually taken out by end of the week. Closed the week above Y+1.
Outlook
Weekly and monthly ...
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 10 to Aug 14 Outlook
Lawrence’s Comment
A quick run to Y+2 has broken the down trend. Aussie fought hard to hold up at the midpoint of its run. Closed the week above Y+1 and near week high.
Outlook
Sudden strength in Aussie created the potential of a short term rally once B+1 is cleared. If B+1 / Y+2 stops the run, Aussie will have to back off and retest Y-0 and below.
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