Recap As oppose to just consolidate like Loonie, Aussie continued its path towards the Y-2 target before bouncing back. Attempts to trade above Y-1 failed so far and closed the week below Y-1.
Outlook Bias towards a retest of Y-2 and B-1 as long as Y-1 upto B+1 acts as resistance.
Lawrence's Comment
Recap
As mentioned last week, the reversal potential is there and no longer looking for short. Nailed it. 100% absolute range expansion stopped the run up slighly 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
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 15 to Aug 19 Outlook
Lawrence’s Comment
As oppose to just consolidate like Loonie, Aussie continued its path towards the Y-2 target before bouncing back. Attempts to trade above Y-1 failed so far and closed the week below Y-1.
Outlook
Bias towards a retest of Y-2 and B-1 as long as Y-1 upto B+1 acts as resistance.
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