Recap Aussie dropped to target as expected. Very orderly, no complex move to deal with. Closed the week below Y-2 and at week low.
Outlook Aussie is developing a falling wedge / thin channel that cannot last. A flush type move without tagging B-2 follows by a quick snap back above B-1 will produce a short term bottom with upside target of B+1.
Lawrence's Comment
Recap
Consolidated around B+1 as expected. The breakout to the upside points to 100% range expansion. Closed the week at the high and not enough time to get ...
Lawrence's Comment
Recap
Multiple news shock since the beginning of the week has sent euro higher all week. The normal range expansion target of Y+3 was tagged by the close of ...
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 Dec 08 to Dec 12 Outlook
Lawrence’s Comment
Aussie dropped to target as expected. Very orderly, no complex move to deal with. Closed the week below Y-2 and at week low.
Outlook
Aussie is developing a falling wedge / thin channel that cannot last. A flush type move without tagging B-2 follows by a quick snap back above B-1 will produce a short term bottom with upside target of B+1.
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