Lawrence's Comment
Recap
Y-1 test resulted in a higher low rally. The break above Y+1 cleared the major resistance level established over the past few weeks. Closed the week at the ...
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 27 to Aug 31 Outlook
Lawrence’s Comment
No major selloff. Just consolidation around Y-1 with spikes to Y-0 that failed to go higher. Closed the week below Y-1.
Outlook
Still within the context of a pullback.
If we get some nice bottoming action this coming week, swing long should take this up to at least B+3.
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